Part III. PROBLEM-SOLVING Direction: Read and analyze the case and comply with the requirement of the case. Present your solution in good form. Prepare a December 31 balance sheet in proper form for Surety Insurance using the following accounts and amounts: Marking Scheme: 10 marks Correct Presentation in Good Form) - 5 marks; Correct Answers - 5 marks $40,000 3,500 Commissions earned .......... Accounts payable......... Accounts receivable. M. Bruno, Capital .. Office equipment .... Advertising expense.......... Cash......... Land ........ Note payable .............. Office supplies........... Salaries expense..... Salaries payable ....... Building.......................... 5,000 103,500 10,000 3,200 7,500 35,000 50,000 500 12,000 1,000 100,000