Required information

Use the following information for the Quick Studies below. $($Algo$)$

$[$The following information applies to the questions displayed below.$]$

On December $31,$ Hawkin's records show the following accounts.

QS $1-17($Algo$)$ Preparing a balance sheet LO P$2$

Use the above information to prepare a December balance sheet for Hawkin. Hint. Retained Earnings on December $31$ equals $$7,200.$