Given the following information, construct the firms balance sheet:

Cash and cash equivalents$460,000Accumulated depreciation on plant and equipment990,000Plant and equipment5,850,000Accrued wages300,000Long-term debt3,970,000Inventory6,530,000Accounts receivable4,350,000Preferred stock490,000Retained earnings9,390,000Land1,270,000Accounts payable1,850,000Taxes due200,000Common stock$12 parCommon shares outstanding85,000Current portion of long-term debt$250,000

Round your answers to the nearest dollar.

Corporation XBalance Sheet as of XX/XX/XXAssetsLiabilities and Owners' EquityCash and cash equivalents$Accounts payable$Accounts receivableTaxes dueInventoryAccrued wagesTotal current assets$Current portion of long-term debt$LandTotal current liabilitiesPlant and equipmentLong-term debtPreferred stockCommon stockRetained earningsTotal shareholders equityTotal assets$Total liabilities and shareholders equity$