Ghen the following information, construct the firm's baiance sheet. Retained eamings Land 3,870,000 Accounts payable 1,540,000 Taxes due 1,800,000 Common stock Common shares outstanding \$2 20 par 260,000 Current portion of long-term debt $340,000 Corporation x Balance sheet as of xX/XX/XX Assets Liabilities and Owners' Equity Cash and cash equivalents Accountspayable Accounts recelvable Taxes due Inventory Accrued wages Total current assets Current portion of long-tecm debt Land Total current liablities Plant and equipment Long-term debt Preforred stock Common stock Retained eamings Total shareholders equit) Total assets 5 Total llabilities and shareholders' ecuity is