Gazam  corporations adjustedtrial balance at December 31, 20x6 included the following
Cash                                                                                      26,000
Accountreceivable                                                                50,000
Allowance for doubtfulaccount                                                                   5,000
Merchandiseinventory                                                         41,000
Land                                                                                      50,000
Equipment                                                                             96,000
Accumulateddepreciation                                                                            16,000
Account payable 115000
Income taxespayable                                                                                   5,000
Unearnedrent                                                                                               15,000
Common stock ($10 par 10,000shares)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 150,000
Retainedearnings                                                                                          60,000
Sales                                                                                                               90,000
Interestrevenue                                                                                           4,000
Cost of goodssold                                                                 90,000
Sellingexpense                                                                      30,000
Administrativeexpense                                                         40,000
Income taxexpense                                                               12,000
Loss on sale ofequipment                                                     10,000
Dividendsdeclared                                                                15,000
                                                                                               460,000          460,000
Prepare a balance sheet at December31, 20x6, in good form.
