Prepare a Balance Sheet using the items provided below.

Instruction: Use the value shown in front of each item as the cost basis values and market values. Deferred taxes on non$-$current assets, personal assets, personal liabilities, personal net worth & valuation equity do not have cost basis values.

Note: Use zero as the value of contributed capital, personal assets, and personal liability

Operating loans currently due to be paid: $$5,000$

Current portion of past taxes due: $$24,000$

Equipment term debt: $$32,000$

Cash on hand: $$32,000$

Breeding livestock: $$33,000$

Farm supplies on hand: $$1,400$

Buildings: $$14,600$

Land: $$552,500$

Grain and hay on hand: $$42,000$

Checking account $($business$)$: $$2,600$

Real estate term debt: $$184,000$

Equipment: $$56,000$

$4-$year non$-$current non$-$real estate loan: $$22,000$

Accrued interest payment due: $$12,000$

Deferred taxes on non$-$current assets: $$28,000$

Deferred taxes on current assets: $$3,000$