Advertising expenditures 78,000

Cost of goods sold 2,433,000

Depreciation 78,000

Gross sales 3,210,000

Interest expenses 64,000

Lease payment 52,000

Management salary 240,000

Material purchase 2,425,000

R&D expenditures 35,000

Repair and maintenance costs 22,000

Returns and allowances 48,000

Taxes 51,000

Treasury stock 20,000

[11 points] From the following accounts, prepare a balance sheet for the ZEBRA CORPORATION for the year ending December 31, 2016, solve for the amount of cash, and clearly indicate the value of each major sub-category, such as current assets, Equity, etc.: [Hint: Critically think about each item that should be included in the balance sheet and where it should appear on it.]

Gross fixed assets 284,950

Inventory 136,500

Accrued expenses 11,850

Accumulated depreciation 82,310

Notes payable 32,570

Preferred stock 8,000

Retained earnings 89,280

Current portion of L-T debt 4,080

Long-term debt 134,300

Accounts receivable 105,770

Additional paid-in capital 71,600

Accounts payable 50830

Common stock ($0.50 par) 60,000

Cash & Equivalents ?

Marketable securities 20,500