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Given the following information, construct the firms balance sheet: Cash and cash equivalents $ 400,000 Accumulated depreciation on plant and equipment 1,100,000 Plant and equipment

Given the following information, construct the firms balance sheet:

Cash and cash equivalents $ 400,000
Accumulated depreciation on plant and equipment 1,100,000
Plant and equipment 5,430,000
Accrued wages 350,000
Long-term debt 3,660,000
Inventory 6,400,000
Accounts receivable 5,080,000
Preferred stock 610,000
Retained earnings 7,836,000
Land 1,760,000
Accounts payable 1,820,000
Taxes due 140,000
Common stock $ 13 par
Common shares outstanding 248,000
Current portion of long-term debt $ 330,000

Round your answers to the nearest dollar.

Corporation X
Balance Sheet as of XX/XX/XX
Assets Liabilities and Owners' Equity
Cash and cash equivalents $ Accounts payable $
Accounts receivable Taxes due
Inventory Accrued wages
Total current assets $ Current portion of long-term debt $
Land Total current liabilities
Plant and equipment Long-term debt
Preferred stock
Common stock
Retained earnings
Total shareholders equity
Total assets $ Total liabilities and shareholders equity $

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