Preparing Balance Sheets, Computing Income, and Applying the Current and Quick Ratios

Balance sheet information for Lang Services at the end of Year $2($the most recent year$)$ and Year $1$ is:

December $31,$ Year $2$ December $31,$ Year $1$

Accounts receivable $$82,080$ $$63,000$

Notes payable $6,4805,760$

Cash $36,00028,800$

Equipment $115,20097,200$

Supplies $16,92015,120$

Accounts payable $90,00090,000$

Stockholders$$ equity $??$

a$.$ Prepare Lang Services$$ balance sheet for December $31$ of each year.

Note: List accounts in balance sheet order.