Prepare the January $31,2024,$ balance sheet of Nathan Accounting Services using the following information.

$(1)$ The owner started up the business and invested a capital stock of $$150,000$ in cash and a land valued $40,000$ at January $2.$

$(2)$ The land was purchased in cash by the business for a total price of $$80,000$ on January $25,2024,$ from a company forced out of business. On January $28,$ an appraiser valued the property at $$120,000.$

$(3)$ An equipment was purchased for $12,000$ by the business on January $28,$ and signed a note.

$(4)$ Earnings by January $31$ amounted to $$28,000.$

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NATHAN ACCOUNTING SERVICES

Balance Sheet

January $31,2024$

Assets

Cash

Accounts receivables...

Land

Equipment

Total assets

Liabilities & Stockholders' Equity

Note payables

Capital Stock

Total liabilities and

owners' equity.