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Balance sheet preparationUse the appropriate items from the following list to prepare in good form Mellark's Baked Goods balance sheet at December 31, 2015. Complete

Balance sheet preparationUse the appropriate items from the following list

to prepare in good form Mellark's Baked Goods balance sheet at December 31, 2015.

Complete the fragment of the balance sheet below ($000):(Select the correct account from the drop-down menu and round to the nearest dollar.)

.

Mellark's Baked Goods

Balance Sheet as of December 31, 2015

Assets

Current assets:

Accounts receivable

$

454

Marketable securities

71

Inventories

372

Cash

217

Total current assets

$

1,114

Gross fixed assets:

Land and buildings

$

326

Machinery and equipment

566

Furniture and fixtures

170

Vehicles

30

Total gross fixed assets

$

992

Less: Accumulated depreciation

$

268

Net fixed assets

$

Total assets

$

1,838

Item

Value ($000) at

Dec 31, 2015

Accounts payable

$ 220

Accounts receivable

454

Accruals

53

Accumulated depreciation

268

Buildings

227

Cash

217

Common stock (at par)

93

Cost of goods sold

2,487

Depreciation expense

50

Equipment

143

Furniture and fixtures

170

General expense

320

Inventories

372

Land

99

Long-term debts

419

Machinery

423

Marketable securities

71

Notes payable

476

Paid-in capital in excess of par

360

Preferred stock

102

Retained earnings

215

Sales revenue

3,638

Vehicles

30

PLEASE PREPARE A FULL BALANCED SHEET FROM THE TABLE ABOVE

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