The following items are available from the records of Victor Corporation at the end of its fiscal year, July 31, 2010

Required
Prepare a balance sheet.

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Accounts payable Accounts receivable Buildings Butter and cheese inventory Capital stock Cash Computerized mixers $16,900 5,700 35,000 12.100 25,000 21,800 25,800 Delivery expense Notes payable Office equipment Retained earnings, end of year Salary and wage expense Sales revenue Tools $4,600 50,000 12,000 26,300 8,230 14,220 5,800