Balance sheet

From the following accounts and amounts prepare a balance sheet for the King Company for December 31, 2005. You must compute the amount for retained earnings to complete the balance sheet. Accounts Payable 61,250 Accounts Receivable 70,500 Building 50,000 Capital Stock 50,000 Cash 64,000 Equipment 30,000 Insurance Expense 5,000 Land 125,000 Notes Payable 175,000 Sales Revenue 100,000 Salaries Expense 46,750 Retained Earnings 53,250 King Company Balance Sheet December 31, 2005 Assets Liabilities... click for more

One-to-one

please help with circled questions. (attached) thanks