The assets and liabilities of Rocky's Day Spa on December 31 and its revenue and expenses for the year are listed below. The capital of the owner was $68,000 on January 1. The owner invested an additional $10,000 during the year. Amounts Accounts Amounts Accounts Accounts payable $4,375 Spa operating expense $23,760 Accounts receivable Office expense 8,490 2,470 9,230 Spa supplies Cash ??? Fees earned 98,435 Wages expense 26,580 Spa furniture and equipment 56,000 Drawing 38,170 Computers 2,130 Required: Prepare a balance sheet for the year ended December 31. Refer to the lists of Accounts, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. Rocky's Day Spa Balance Sheet (Label) Assets 3 4 6 Liabilities 8 Owner's equity 10 11 12

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