Hi,
For my balance sheet it is not balancing. I also think the tax payer who filed our taxes last year did it incorrectly.
My balance sheet is as follows:
This was the end of year for 2021
Cash $502,705
Less accumulated depreciation: $73,345
Total Assets: $576,050
Mortgages and Notes payable 1 year or more: $45,768
Other liabilities: $149,167
Additional paid in capital: $79,000
Retained Earnings: 313,632
Total Liabilities and shareholder's equity: $587,567
For 2022 I have:
Cash: $239,199
Assets: $60,926 - $7,775 (depreciation)
Land: $7,000
Mortgages and Notes payable 1 year or more: $44,528
Other liabilities: $144,583
Additional paid in capital: ?
Retained Earnings: ?
