Using the accounting equation, calculate the missing numbers on the Balance Sheet referenced by letters: ASSETS Year 1 Year 2 Cash $ 12250 $ 12,863 Accounts Receivable $ 28,900 Prepaid Expenses $ 13,450 $ 14,123 TOTALASSETS $ 54,600 A B 12,600 LIABILITES Accounts Payable Salaries & Wages Payable TOTAL LIABLITES $ $ 2,800 14,800 $ D 15,540 $ SHAREHOLDERSEQUITY Common Shares Retained Earnings TOTAL SHAREHOLDERSEQUITY TOTAL LIABLIMES & SHAREHOLDERS EQUITY 6,300 60,770 67,070 82,610 6,000 $ E $ 39,800 $ F $ $ 0.5 Mark for each correct account type and 0.5 mark for each correct financial statement Classify each account type (asset, liability, equity, revenue or expense), and identify which financial statement it would be reported on: Account Account Type Financial Statement 1. Cost of Goods Sola 2. Inventory 3. Retained Earnings 4. Accounts Payable 5. Land 6. Dividends 7. Service Revenue 8. Prepaid Expense 9. Long Term Debt 10. Common Shares