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Brock Takeshi opened a Pokémon gym in Pewter City on January 1st of the year, called The Rock Gym. Below is the financial information for the company at December 31 of the year.
Fees earned $90,000
Rent expense $70,000
Apparel sales 16,000
Owner investments 85,800
Accounts payable 5,000
Wages expense 10,000
Advertising expense 1,500
Owner drawings 23,000
Land 70,000
Notes payable 11,000
Cash 28,000
Supplies -Pokeberries 5,300
Prepare the company's balance sheet for the year ended December 31, 2022.
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