Check my won A partially completed balance sheet for Blue Co. Inc. as of October 31, 2019. is presented Where amounts are shown for various items! the amounts are correct Required: Using the following data, complete the balance sheet a. Blue Co.'s records show that current and former customers owe the firm a total of $20,000 $3,000 of this amount has been due for more than a year from two customers who are now bankrupt. b. The automobile, which is still being used in the business, cost $90,000 new, a used car dealer's Blue Book shows that it is now worth $50,000 Management estimates that the car has been used for one-third of its total potential use (The car is being depreciated using the straight-line method.) c. The land cost Blue Co $55,000, it was recently assessed for real estate tax purposes at a value of $75,000. d. Blue Co.'s president isn't sure of the amount of the note payable, but he does know that he signed a note e. Since Blue Co. was formed, net income has totaled $165,000, and dividends to stockholders have totaled 597,500 (Enter decreases with a minus sign to indicate a negative financial statement effect.) Check my won A partially completed balance sheet for Blue Co. Inc. as of October 31, 2019. is presented Where amounts are shown for various items! the amounts are correct Required: Using the following data, complete the balance sheet a. Blue Co.'s records show that current and former customers owe the firm a total of $20,000 $3,000 of this amount has been due for more than a year from two customers who are now bankrupt. b. The automobile, which is still being used in the business, cost $90,000 new, a used car dealer's Blue Book shows that it is now worth $50,000 Management estimates that the car has been used for one-third of its total potential use (The car is being depreciated using the straight-line method.) c. The land cost Blue Co $55,000, it was recently assessed for real estate tax purposes at a value of $75,000. d. Blue Co.'s president isn't sure of the amount of the note payable, but he does know that he signed a note e. Since Blue Co. was formed, net income has totaled $165,000, and dividends to stockholders have totaled 597,500 (Enter decreases with a minus sign to indicate a negative financial statement effect.)