Choose the one alternative that best completes the statement or answers the question. Solve the problem.Prepare a balance sheet for…

Choose the one alternative that best completes the statement or answers the question. Solve the problem.Prepare a balance sheet for Mullen\’s Hardware for December 31 of last year. The company assets are cash $15,000, accounts receivable $21,000, and merchandise inventory $95,000. The liabilities are accounts payable $12,000 and wages payable $17,000. The owner\’s capital is $102,000.  Mullen\’s Hardware Balance SheetTotal assets: $131,000Total liabilities: $29,000Total liabilities and owner\’s equity: $131,000   Mullen\’s Hardware Balance SheetTotal assets: $131,000Total liabilities: $12,000Total liabilities and owner\’s equity: $131,000   Mullen\’s Hardware Balance SheetTotal assets: $95,000Total liabilities: $12,000Total liabilities and owner\’s equity: $102,000   Mullen\’s Hardware Balance SheetTotal assets: $131,000Total liabilities: $17,000Total liabilities and owner\’s equity: $17,000  

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