Below is a list of account balances for Currie Hospital as of December 31, 2013. Prepare balance sheet as of December 31, 2013, in proper form.

(Hint: You will need to compute the net assets account. Assume that all net assets at the beginning of the year are unrestricted.)

You may use either a Word document or an Excel spreadsheet to construct the balance sheet.

Account Balance

Gross plant & equipment $6,000,000

Accounts payable 130,000

Inventories 100,000

Other current liabilities 70,000

Net accounts receivable 650,000

Accrued expenses 100,000

Accumulated depreciation 200,000

Long-term debt 5,000,000

Cash 210,000