1. Balance Sheet Preparation

   XYZ Corporation has the following assets: Cash $50,000, Accounts Receivable $30,000, Inventory $20,000, and Property, Plant, and Equipment $150,000. Liabilities include Accounts Payable $25,000 and Long-Term Debt $100,000. Prepare a balance sheet for XYZ Corporation in table format, showing the classification of assets and liabilities.

   Assets	Liabilities
   Cash: $50,000	Accounts Payable: $25,000
   Accounts Receivable: $30,000	Long-Term Debt: $100,000
   Inventory: $20,000
   Property, Plant, and Equipment: $150,000