Prepare a classified Balance Sheet, dated 12-31-14, for these 3 situations: Situation 1 12-31-14 Assets: Cash Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦. 181,200 Accounts Rec. Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦...Ac€¦..Ac€¦Ac€¦ 274,000 Inventory Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦...Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦. 189,000 Equipment, Net of Accum. Depr. Ac€¦Ac€¦.. 473,500 12-31-14 Liabilities: Accounts Pay. Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦...Ac€¦..Ac€¦Ac€¦ 55,000 Short-Term Notes Payable Ac€¦...Ac€¦..Ac€¦Ac€¦ 95,200 Long-Term Notes Payable Ac€¦...Ac€¦..Ac€¦ Ac€¦ 184,000 12-31-14 Equity: Business is named Happy Productions and is owned solely by Harry Happy. (You will have to determine the equity amount) Situation 2 Business is named Aztec Partners and is owned by Judy Smith and Al Topp Assets and Liabs. are the same as situation 1. Equity- Capital as of 1-1-14: Judy Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦. 189,000 Al, Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦.. 225,000 Capital Contributed in 2014: Judy Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦.. - Al Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦ - Drawings ,2014: Judy Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦. 62,400 Al Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦.. 93,100 Share of Profits , every year: Judy Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦ 0.25 Al Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦.. 0.75 Situation 3 Business is a corporation named Aztec, Inc. Assets and Liabs. are the same as situation 1. Equity- Paid in Capital(Common Stock) as of 12-31-14 is Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦. 384,000