Williams Company reports the following accounts and balances at December 1 201

Williams Company reports the following accounts and balances at December 1 2015:
Accounts Payable $22800
Accounts Receivable 18800
Cash 24400
Land 82400
Machine 129200
Merchandise Inventory 63600
Long-term Note Payable 79200
Short-term Note Payable 14400
Paid-in Capital 200000
Retained Earnings 2000
The transactions for Williams Company for the month of December 2015 follow:
1. Collected $9200 from credit customers.
2. Paid $8000 of the amount owed on account.
3. Sold inventory at cost for $2400 and received cash.
4. Borrowed $4000 in short-term notes payable.
Required:
Prepare a balance sheet at December 31 2015 after considering the transactions above. Ignore
depreciation expense and interest expense.