Given the following what is the Liabilities and Equity section of the balance sheet? Thank you!
There are 1,000,000 shares authorized and the par value is $10.
Common Stock 125000
Additional Paid In Capital 175000
Retained Earnings 215000
Sales 968000
Rent Revenue 18000
Gain on Sale of Land 30000
Cost of Goods Sold 585000
Selling Expenses 232000
Administrative Expenses 99000
Income Tax Expense 38500
