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Balance are reported Allay corporation for the year 2019 Cash $8,000 b. Bank $12,000 c. Sundry Creditors $40,000 d. Prepaid Insurance $1,000 e. Outstanding Wages $2,000 f. Accrued Commission $1,200 g. Closing stock $90,000 h. Machinery $212,000 i. Capital $320,000 j. Retained Earnings $84,800 k. Debtors $86,000 l. Bills Receivable $40,000 m. Outstanding Salaries $2,000. You are required to prepare balance sheet as per Companies Act 2013

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