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As an accountant for Johnson & Johnson, you need to prepare the balance sheet as of December 31, 2023, using the following data: Account Amount

As an accountant for Johnson & Johnson, you need to prepare the balance sheet as of December 31, 2023, using the following data:

Account

Amount

Cash

$2,800,000

Accounts Receivable

$3,200,000

Inventory

$2,000,000

Prepaid Expenses

$1,200,000

Property, Plant, and Equipment

$16,000,000

Accumulated Depreciation

$4,800,000

Accounts Payable

$2,400,000

Short-term Notes Payable

$1,200,000

Long-term Debt

$8,000,000

Common Stock

$8,000,000

Retained Earnings

$4,400,000

Prepare the balance sheet for Johnson & Johnson as of December 31, 2023.

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