Use this balance sheet as a base to create a new balance sheet. This balance sheet was the end of a month balance sheet for January. Assets Liabilities Cash $110,000 Inventory $34,000 Fixed Assets $446,000 Total Assets $590,000 Accounts Payable $6,200 Notes Payable $265,000 Total Liabilities $271,200 Owner's Equity Original Investment $200,000 Earning MTD $ 6,990 Retained Earnings $111,810 Total Owner's Equity $318,800 Total Liabilities