Step $3$: Prepare the Balance Sheet in the Excel Spreadsheet

$12/01/2024-$ Owners paid $$500,000$ cash in exchange for common stock.

$12/04/2024-$ $$250,000$ inventory purchased on account.

$12/11/2024-$ $$150,000$ inventory purchased with cash.

$12/14/2024-$ Payments totaling $$80,000$ made for rent expense.

$12/19/2024-$ Payments totaling $$120,000$ made for utilities expense.

$12/22/2024-$ Payments totaling $$40,000$ made for miscellaneous expenses.

$12/25/2024-$ Issued a $$50,000$ note payable to a contractor for repairs expense.

$12/27/2024-$ Project generated $$600,000$ in rental income.

$12/31/2024-$ Interest expenses totaled $$15,000.$

Retained earnings totaled $$185,000($NO J$/$E REQUIRED, INFO NEEDED FOR BALANCE SHEET$)$