Complete the January 31, 20__, Balance Sheet of Countrywide Legal

Complete the January 31, 20__, balance sheet of Countrywide Legal Services using the following information.
(1) Stockholders' equity at January 1, 20__, included capital stock of $140,000.
(2) The land and building were purchased by the business for a total price of $200,000 on January 25, 20__, from a company forced out of business. On January 31, an appraiser valued the property at $260,000.
(3) Additional capital stock was issued in exchange for $50,000 cash.
(4) Retained earnings at January 31, 20___, amounted to $49,400.
$\begin{array}{c} \text {COUNTRYWIDE LEGAL SERVICES}\\ \text {Balance Sheet}\\ \text {January 31,20\_}\\\begin{array}{|l|c|l|c|c|}\hline \text {Assets }&&\text {Liabilities \& Owners' Equity}\\\hline \text { Cash } & \$ 90,000 & \text { Liabilities: } & \\\hline \text { Accounts receivable } & & \text { Notes payable } & \$ \\\hline \text { Land } & 135,000 & \text { Accounts payable } & 45,600 \\\hline \text { Building } & & \text { Total liabilities } & \$ \\\hline \text { Equipment } & 35,000 & \text { Owners' equity: } & \\\hline&&\text { Capital Stock}&\$\\\hline&&\text { Retained earnings}\\\hline&&\text { Total liabilities and }\\\hline\text { Total assets }&&\text { owners' equity}&&\$375,000\\\hline \end{array}\end{array}$