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I need help with the balance sheet. Please help me and give me a detailed explanation of how you got the total assets, total liability, and equity.

4 5 ACCT NO. ACCOUNT TITLE INCOME STATEMENT DEBIT CREDIT BALANCE SHEET DEBIT CREDIT 6 7 8 10 11 12 13 14 15 16 17 18 19 20 1010 1020 1030 1040 1050 1060 1070 1075 1080 1090 ASSETS Checking Petty Cash Accounts Receivable Office Supplies Prepaid Insurance Undeposited Funds Business Vehicles:Original Cost Accumulated Depreciation-Business Vehicles Office Furniture/Equipment:Original Cost Accumulated Depreciation-Equipment 49,272.46 92.21 17,650.00 625.00 2,612.50 0.00 49,000.00 583.00 11,536.00 142.00 21 22 23 24 25 26 27 3,764.00 LIABILITIES 2010 Accounts Payable 2020 Loan Payable 2030 Loan Payable:Business Vehicles Loan 2040 Loan Payable:Office Furniture/Equipment Loan 0.00 34,532.81 3,970.83 61,135.00 STOCKHOLDERS' EQUITY 3010 Carena Ng, Capital 3020 Carena Ng, Capital:Draws 3025 Carena Ng, Capital:Investments 3030 Retained Earnings 2,500.00 28 29 30 31 32 33 34 35 36 37 38 25,000.00 0.00 REVENUE 4010 Income:Installation Income 4020 Income:Technical Support Income 4030 Income:Training Income 4040 Interest Income 415.00 900.00 7,610.00 66.43 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 EXPENSES 5005 Advertising Expense 5010 Bank Service Charges 5015 Business Vehicles Expense 5016 Insurance expense 5020 Dues and Subscriptions 5030 Equipment Rental 5040 Interest Expense:Loan Interest 5045 Office Supplies Expense 5050 Postage and Delivery 5060 Rent 5070 Telephone 5080 Utilities:Electricity Expense 5090 Utilities: Heating Expense--Gas 5100 Utilities:Water 5110 Depreciation Expense-Business Vehicles 5120 Depreciation Expense-Equipment 260.00 8.00 588.88 237.50 79.00 25.00 308.61 343.57 195.34 1,600.00 0.00 250.00 175.00 35.00 583.00 142.00 54 55 56 57 58 59 50 31 8,991.43 133,288.17 Sub-totals Net Income TOTALS 4,830.90 4,160.53 4,830.90 129,127.64 4,160.53 133,288.17 8,991.43 133,288.17 T: A : Jl. LE IAT =

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