Record the transactions listed below in the Module 4 Assignment Workbook. Reed & Sons Painters has a balance sheet at December 31, 2016 as follows. Cash $12,000 Accounts Receivable 3,000 Inventory 5,000 Prepaid Rent 9,000 Current Assets 29,000 Equipment 27,000 Accumulated Depreciation (6,750) Equipment, Net 20,250 Noncurrent Assets 20,250 Total Assets 49,250 Accounts Payable 8,240 Wages Payable Current Liabilities Loans Payable Noncurrent Liabilities Total Liabilities 1,000 9,240 13,000 13,000 22,240 Common Stock 10,500 Retained Earnings 16,510 Total Shareholders' Equity 27,010 Total Liabilities and 49,250 Shareholders' Equity