Question 3 (9 marks = 45 points) Balance sheet preparation Use the appropriate items from the following list to prepare in good form Owen Davis Company's balance sheet at December 31, 2012. (answer by hand writing with showing your name on the top of the page, then insert the answer in the word file) Value (5000) at December 31, 2012 $ 375 100 420 Item Accounts payable Accounts receivable Accruals Accumulated depreciation Buildings Cash Common stock (at par) Cost of goods sold Depreciation expense Equipment Furniture and fixtures General expense Value ($000) at December 31, 2012 Item $ 220 Inventories 450 Land 55 Long-term debts 265 Machinery 225 Marketable securities 215 Notes payable 90 Paid-in capital in excess 2,500 of par 45 Preferred stock 140 Retained earnings Sales revenue 320 Vehicles 420 75 475 360 100 210 170 3,600 25