84.  

Company PQR has the following financial information: Cash $200,000, Accounts Receivable $150,000, Inventory $120,000, and Property, Plant, and Equipment $900,000. Liabilities include Accounts Payable $180,000 and Long-Term Debt $600,000. Draft a balance sheet for Company PQR, detailing assets, liabilities, and owner's equity.

Company PQR's balance sheet is structured as follows:

Assets:

• Cash: $200,000
• Accounts Receivable: $150,000
• Inventory: $120,000
• Property, Plant, and Equipment: $900,000

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Total Assets: $1,370,000

Liabilities:

• Accounts Payable: $180,000
• Long-Term Debt: $600,000

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Total Liabilities: $780,000

Owner's Equity:

• Total Assets - Total Liabilities
• $1,370,000 - $780,000

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Owner's Equity: $590,000