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

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