Q1) From the following data, make a categorised balance sheet for Simon Company at December 31, 2006.
| Accounts payable |
$62,500 |
| Accounts receivable |
$123,000 |
| Buildings |
$418,500 |
| Owners\\\' equity, 1/1/06 |
$210,000 |
| |
| Cash |
$179,750 |
| Distributions to owners during 2006 |
$21,750 |
| Supplies |
$3,750 |
| Land |
$130,000 |
| Mortgage payable |
$479,500 |
| Net income for 2006 |
$124,750 |
| Owners\\\' equity, 12/31/06 |
? |