Corporation ended its fiscal year on Septemberâ 30, â, with cash of âmillion, accounts receivable of âmillion, property and equipment of âmillion, and otherâ long-term assets of million. Theâ company's liabilities consist of accounts payable of million andâ long-term notes payable of million. Corporation has totalâ stockholders' equity of âmillion; of thisâ total, common stock is million. Required:
Solve for theâ company's ending retained earnings and then prepare âCorporation's balance sheet at Septemberâ 30, 2016. Use a proper heading on the balance sheet.