42. Balance Sheet Preparation  

Company XYZ Inc. has the following assets: Cash $100,000, Accounts Receivable $50,000, Inventory $40,000, and Property, Plant, and Equipment $300,000. Liabilities include Accounts Payable $60,000 and Long-Term Debt $200,000. Prepare a balance sheet for XYZ Inc. in table format, showing the classification of assets and liabilities.

Assets	Liabilities
Cash: $100,000	Accounts Payable: $60,000
Accounts Receivable: $50,000	Long-Term Debt: $200,000
Inventory: $40,000
Property, Plant, and Equipment: $300,000