Felix Company has just completed operations for the year ended December 31, 2016. This is the second year of operations for the company. The following data have been assembled for the business. 
Prepare the balance sheet. Use a proper heading.
Definitions:
Accounts Receivable
Money owed to a business by its clients or customers for goods or services that have been delivered but not yet paid for.
Virtual Team
A group of people that works together across geographical, temporal, and organizational boundaries, often communicating via digital tools.
Information Technologies
The study and use of systems for storing, retrieving, and sending information, including computers and telecommunications.
Collaborate
To work jointly with others or together especially in an intellectual endeavor.
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