Given the following information, prepare a balance sheet for Isaiah's Tool Shed for the year ending December 31, 2012.
Definitions:
Discount Rate
The interest rate used in discounted cash flow analysis to determine the present value of future cash flows, reflecting the cost of capital or investment risk.
Mutually Exclusive
Scenarios or occurrences that are incapable of happening simultaneously.
Average Accounting Return
A financial ratio indicating the average net income an asset is expected to generate compared to its average capital cost.
Redeeming Feature
A characteristic or option in a financial product that offers the possibility of benefitting the holder, such as the ability to convert bonds into stock.
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