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10 points Prepare a balance sheet for Alaskan Peach Corp. as of December 31, 2019, based on the following information: cash = $197,000; patents and
10 points Prepare a balance sheet for Alaskan Peach Corp. as of December 31, 2019, based on the following information: cash = $197,000; patents and copyrights = $851,000; accounts payable = $292,000; accounts receivable = $257,000; tangible net fixed assets = $5,140,000; inventory = $542,000; notes payable = $185,000; accumulated retained earnings = $4,626,000; long-term debt = $1,210,000. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) eBook References Balance Sheet Assets Cash Accounts receivable Inventory 197,000 257,000 542,000 Current assets Common stock Tangible net fixed assets 996,000 851,000 5,140,000 $ 6,987,000 Total assets Liabilities Accounts payable Notes payable 292,000 185,000 Current liabilities 477,000 Total liabilities Accumulated retained earnings Common stock Total liabilities & owners' equity 4,626,000 674,000 6,987,000 $
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