The following items are available from records of Freescia Corporation at the end of the current year: Accounts payable                            $12,550 Notes payable...

The following items are available from records of Freescia Corporation at the end of the current year:

Accounts payable                            $12,550

Notes payable                                   $50,000

Accounts receivable                       23,920

Office equipment                            12,000

Advertising expense                      2,100

Retained earnings, end of year 37,590

Buildings                                              85,000

Salary and wage expense             8,230

Capital stock                                       25,000

Sales revenue                                   14,220

Cash                                                      4,220

Required

Prepare a balance sheet. Hint: Not all of the items listed should appear on a balance sheet. For each non-balance-sheet item, indicate where it should appear.