A company has the following account balances at the end of the year.
Accounts Balances
Equipment $ 16,500
Accounts payable 1,100
Salaries expense 23,500
Common stock 11,000
Land 8,500
Notes payable 10,500
Service revenue 29,500
Cash 4,100
Retained earnings?
Required: Use only the appropriate accounts to prepare a balance sheet.
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