Given the following information, construct the firms balance sheet: Cash and cash equivalents Accumulated depreciation on plant

Given the following information, construct the firm’s balance sheet:

Transcribed Image Text:

Cash and cash equivalents Accumulated depreciation on plant and equipment Plant and equipment Accrued wages Long-term debt Inventory Accounts receivable Preferred stock Retained earnings Land Accounts payable Taxes due $ 300,000 800,000 5,800,000 400,000 4,200,000 6,400,000 4,100,000 500,000 7,700,000 1,000,000 2,100,000 100,000 Common stock Common shares outstanding Current portion of long-term debt 10 par 150,000 $ 300,000