From the following, prepare a balance sheet for True Corporation as of December 31, 2018. Building $ 40,000 Mortgage note payable $ 70,000 Merchandise inventory 12,000 Common stock 10,000 Cash 15,000 Retained earnings 37,000 Land 90,000 Accounts receivable 9,000 Accounts payable 50,000 Salaries payable 8,000 Prepaid rent 9,000