Question: Please help!! :) I cant find the right cash amount and when I check my work it says my answer is incomplete. Required information E2-15

Required information E2-15 Analyzing and Recording Transactions, and Preparing and Evaluating a Balance Sheet [LO 2-2, LO 2-3, LO 2-4, LO 2-5) Business Sim Corp. (BSC) issued 1,000 common shares to Kelly in exchange for $16,000. BSC borrowed $37,000 from the bank, promising to repay it in two years. BSC purchased computer equipment for $48,000, signing a six-month note for $6,000, and paying the balance with check number 101. BSC received $800 of supplies purchased on account. BSC's loan contains a clause ("covenant") that requires BSC to maintain a ratio of current assets to current liabilities of at least 17. E2-15 Part 3 Assuming BSC entered into no other activities during its first year ended September 30, prepare the company's classified balance sheet. Include a balance of zero in Retained Earnings. Assets BUSINESS SIM CORP. Balance Sheet At September 30 Liabilities Current Liabilities Notes Payable (short-term) 800 Accounts Payable Current Assets $ Cash Supplies 6,000 800 Total Current Assets Equipment 102.600 48,000 Total Current Liabilities Notes Payable (long-term) 6,800 37.000 43,800 Total Liabilities Stockholders' Equity Common Stock Retained Earnings 16,000 0 16,000 59,800 $ $ 150,600 Total Liabilities and Stockholders' Equity Total Assets
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