Corrina Saldivar, owner of Sally’s Foods, provides you with a list of accounts and their balances as of December 31, 20X3, as follows:

Account Title Account Balance Cash $ 3,000 Marketable securities 20,000 Accounts payable 15,000 Accounts receivable 95,000 Allowance for doubtful accounts 3,000 Food inventory 6,000 Beverage inventory 2,000 Prepaid insurance 3,000 Income taxes payable 5,000 Building 500,000 Mortgage payable (current portion) 30,000 Mortgage payable (noncurrent portion) 300,000 Equipment 100,000 Accrued expenses payable 10,000 Land 50,000 Accumulated depreciation 150,000 Common stock 100,000 Retained earnings 166,000 Required:

Prepare a balance sheet for Sally’s Foods as of December 31, 20X3.