From the following accounts, prepare a balance sheet for Chester Co. for the currentcalendar year.Accrued interest payable $ 1,400Property, plant, and equipment 34,000Inventory 12,400Additional paid-in capital 7,000Deferred taxes payable (noncurrent) 1,600Cash 1,500Accumulated depreciation 10,500Bonds payable 14,500Accounts payable 4,300Common stock 2,500Prepaid expenses 700Land held for sale 9,200Retained earnings ?Current portion of long-term debt 1,700Accounts receivable 6,200Notes payable 8,700

 

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