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1) With the given information elaborate a Balance Sheet. ABC company currently has the following accounts: Cash = $28,000 Account Receivables = $47,000 Account

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1) With the given information elaborate a Balance Sheet. ABC company currently has the following accounts: Cash = $28,000 Account Receivables = $47,000 Account Payables = $200,000 Inventory $129,000 Short-term Debt = $36,000 Long-term Debt = $77,000 Plant and Equip = $250,000 Depreciation (Cum) = $25,000

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