90.  

Company PQR has the following financial information: Cash $250,000, Accounts Receivable $200,000, Inventory $160,000, and Property, Plant, and Equipment $1,500,000. Liabilities include Accounts Payable $200,000 and Long-Term Debt $900,000. 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: $250,000
• Accounts Receivable: $200,000
• Inventory: $160,000
• Property, Plant, and Equipment: $1,500,000

---

Total Assets: $2,110,000

Liabilities:

• Accounts Payable: $200,000
• Long-Term Debt: $900,000

---

Total Liabilities: $1,100,000

Owner's Equity:

• Total Assets - Total Liabilities
• $2,110,000 - $1,100,000

---

Owner's Equity: $1,010,000