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Balance the budget sheet:Current Assets:Total Current Assets:Property and equipment:Other assets:Total Assets:Current liabilities:Total Current Liabilities:Total Liabilities:Share holders equityTotal Liabilities & Share holders Equity:Instructions: Please place the following items and amountsin their correct locations on the balance sheetAccountspayable$30,000Accountsreceivable$20,000Investments$10,000Commonstock$10,000Additional paid-in capital$20,000Prepaidexpense$4,000Cash andcash equivalents$100,000Deferredrevenue$2,000Notespayable$10,000Inventory$15,000Retainedearnings$197,100Intangible assets$4,000Long-term debt$200,000Land$24,300Buildings and improvements$250,000Equipment$50,000Lessaccumulated depreciation($5,000)Treasurystock($2,000)Less accumulated amortization($200)Accrued expenses$5,000