87.  

Company RST's financial data reveals the following: Cash $220,000, Accounts Receivable $180,000, Inventory $140,000, and Property, Plant, and Equipment $1,200,000. Liabilities include Accounts Payable $200,000 and Long-Term Debt $800,000. Construct a balance sheet for Company RST using a tabular format.

Assets	Amount
Cash	$220,000
Accounts Receivable	$180,000
Inventory	$140,000
Property, Plant, and Equipment	$1,200,000
Total Assets	$1,740,000

Liabilities and Equity	Amount
Accounts Payable	$200,000
Long-Term Debt	$800,000
Total Liabilities	$1,000,000

Owner's Equity	Amount
Total Assets - Total Liabilities	$1,740,000 - $1,000,000 = $740,000