Complete the December 31,2017 (First Year of Operation)balance Sheet for Lincoln

Complete the December 31,2017 (first year of operation)balance sheet for Lincoln Company using the following information:
(a)Retained earnings at December 31,2017 was $51,000.
(b)Total stockholders' equity at January 1,2017 was $139,000.
(c)On December 30,2017,additional capital stock was sold for cash,$55,000.
(d)The land and building were purchased on December 30,2017 for $150,000.
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Lincoln Company
Balance Sheet
December 31, 2017
$\begin{array}{llll} \text { Assets } && \text { Liabilities \& Stockholders' Equity }\\\text { Cash } & \$ 80,000 & \text { Liabilities: } \\\text { Accounts receivable } & ? & \text { Notes payable }&?\\\text { Land } & 112,000 & \text { Accounts payable }&45,000 \\\text { Building } & ? & \text { Total liabilities }&?\\\text { Equipment } & 30,000 & \text { Stockholders' equity: }\\&&\text { Capital stock }&?\\&&\text { Retained earnings }&?\\\text { Total assets }&\$&\text { Total liabilities and }&\$390,000\\&&\text { stockholders' equity }\end{array}$