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As an accountant for IBM corporation, you need to prepare the balance sheet as of January 30, 2022, using the following data: Account Amount Cash

As an accountant for IBM corporation, you need to prepare the balance sheet as of January 30, 2022, using the following data:

Account

Amount

Cash

$800,000

Accounts Receivable

$600,000

Inventory

$400,000

Prepaid Expenses

$250,000

Property, Plant, and Equipment

$3500,000

Accumulated Depreciation

$1,600,000

Accounts Payable

$400,000

Short-term Notes Payable

$500,000

Long-term Debt

$2,600,000

Common Stock

$2,100,000

Retained Earnings

$1,300,000

Prepare the balance sheet for IBM corporation as of January 30, 2022

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