Answer:
Blue Devils Corporation balance sheet as at December 31, 2021
Non - Current Assets
Equipment, Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â $117,000
Less Accumulated Depreciation      ($43,500)
Total Non - Current Assets           $73,500
Current Assets
Cash, 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 $4,700
Accounts Receivable, Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â $8,700
Supplies, 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 $18,700
Total Current Assets                $32,100
Total Assets                      $105,600
Current Liabilities
Accounts Payable, Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â $25,700
Salaries Payable, Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â $15,700
Total Current Liabilities              $41,400
Equity
Common Stock, Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â $57,000
Retained Earnings (Balancing Figure) Â Â $7,200
Total Equity                       $64,200
Total Equity and Liabilities          $105,600
Explanation:
The Balance of retained earnings is determined by missing figure approach using the Accounting Equation : Assets = Liabilities + Equity.
