Prepare a December 31 balance sheet in proper form for Surety Insurance using the following accounts and amounts:

Commissions Revenue Earned.......	$40,000
Accounts payable	3,500
Accounts receivable	5,000
M. Bruno, Capital	103,500
Office equipment.	10,000
Advertising expense.	3,200
Cash..	7,500
Land......................................	35,000
Note payable..........................	50,000
Office supplies........................	500
Salaries expense....................	12,000
Salaries payable.....................	1,000
Building...............................	100,000

2. Prepare a December 31 balance sheet in proper form for Surety Insurance using the following accounts and amounts: $40,000 3,5001 5,000 Commissions Revenue Earned........... Accounts payable...... Accounts receivable.. M. Bruno, Capital.... Office equipment..... Advertising expense.... Cash.. 103,500 10,000 3,200 Land........... Note payable... Office supplies. Salaries expense.. Salaries payable.......... Building........... 7,500 35,000 50,000 5001 12,0001 1,0001 100,000