Problem 2.1A (Static) Preparing and Evaluating a Balance Sheet (LO2-4) Usted in random order are the items to be included in the baiance sheet of Rocky Mountain Lodge at December 31 , year 1. Required: a-1. Compute the amount to be shown for retained earnings. a-2. Prepare a balance sheet at December 31, year 1 b. Assume that no payment is due on the notes payable until year 3. Does this balance sheet indicate that the company is in a stro financial position as of December 31, year 1 ? Complete this question by entering your answers in the tabs below. Compute the amount to be shown for retained eamings. roblem 2.1A (Static) Preparing and Evaluating a Balance Sheet (LO2-4) Isted in random order are the items to be included in the balance sheet of Rocky Mountain Lodge at December 31 , year 1. Required: a-1. Compute the amount to be shown for retained earnings. a-2. Prepare a balance sheet at December 31 , year 1 b. Assume that no payment is due on the notes payable until year 3 . Does this balance sheet indicate that the company is in a strong financial position as of December 31, year 1 ? Complete this question by entering your answers in the tabs below. Prepare a balance sheet at December 31 , year 1 Problem 2.1A (Static) Preparing and Evaluating a Balance Sheet (LO2-4) Usted in random order are the items to be included in the balance sheet of Rocky Mountain Lodge at December 31 , year 1. Required: a-1. Compute the amount to be shown for retained earnings. a-2. Prepare a balance sheet at December 31, year 1 b. Assume that no payment is due on the notes payable until year 3 . Does this balance sheet indicate that the company is in a strong financial position as of December 31, year 1 ? Complete this question by entering your answers in the tabs below. Assume that no payment is due on the notes payable until year 3. Does this balance sheet indicate that the company is in a strong financial position as of December 31 , year 1