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Problem 1 (1-3): Using the information given for Serious Supply Corporation, prepare the Comparative Balance Sheet as of Dec 31, 2019. Enter the ending values of the Accounting Equation for 2018 and 2019. For Example, $10,999 should be entered as 10999 December 31, Type of Financial Account Title 2019 2018 Account Statement Debit Credit Debit Credit Accounts Payable 35,500 31,300 Accounts Receivable 58,800 62,000 Accumulated Depreciation, Equipment 64,400 48,300 Allowance for Doubtful Accounts 2,100 2,000 Cash and Cash Equivalents 17,900 14,000 Common Stock, no-par 88,200 64,000 Cast of Goods Sold 185,100 175,845 Depreciation Expense 16,100 15,295 Dividends 62,200 62,200 126,500 97,600 Equipment Income Tax Expense Insurance Expense 29,300 27,835 24,600 Inventories 37,700 69,100 23,370 52,200 22,100 Land 52,000 38,000 47,595 Notes Payable Other Operating Expense Prepaid Insurance Retained Earnings Salary Expense 50, 100 1,700 3,900 23,000 35,095 76,900 76,055 Salary Payable Sales Revenue 21,100 30,000 438,000 22,800 Unearned Revenue 416, 100 24,100 Totals 756,000 756,000 679,995 679,995 REQUIREMENT R: Ilsing the data from the nu Problem 1 (B-3): Using the information given for Serious Supply Corporation, prepare the Comparative Balance Sheet as of Dec 31, 2019. Enter the ending values of the Accounting Equation for 2018 and 2019. For example, $10,999 should be entered as: 10999 Accounting Equation (2019) Assets = Liabilities + Equity A/ AM M Accounting Equation (2018) Assets = Liabilities + Equity A AM + AM Finally, enter the amount of Current Assets for 2019 and 2018. For Example, $10,999 should be entered as: 10999 Current Assets (2019) A Current Assets (2018) 2 A/

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