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At December31,2020, StanleyHardware Limited has cash of$17,000, receivables of$6,000, and inventory of$47,000. Thecompany's equipment totals$110,000, and other assets amount to $13,000. StanleyHardware owes accounts payable
At December31,2020, StanleyHardware Limited has cash of$17,000, receivables of$6,000,
and inventory of$47,000. Thecompany's equipment totals$110,000, and other assets amount to $13,000. StanleyHardware owes accounts payable of$14,000, short-term notes payable of$5,500, and also haslong-term debt of$78,000. Share capital is$14,900. Prepare StanleyHardware Limited's balance sheet at December31,2020, complete with its appropriate heading.
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