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Balance sheet. The following are account balances as of September 30, 20X1, for Ray Hospital. Prepare a balance sheet at September 30, 20X1. ( Hint:

Balance sheet. The following are account balances as of September 30, 20X1, for Ray Hospital. Prepare a balance sheet at September 30, 20X1. (Hint:net assets will also need to be calculated.)

Given

Gross plant, property, and equipment

$70,000,000

Accrued expenses

$6,000,000

Cash

$8,000,000

Net accounts receivable

$15,500,000

Accounts payable

$7,000,000

Long-term debt

$45,000,000

Supplies

$3,000,000

Accumulated depreciation

$5,000,000

explan step by step plz:

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