Given the following information, construct the firms balance sheet:

Cash and cash equivalents $ 620,000

Accumulated depreciation on plant and equipment 890,000

Plant and equipment 4,390,000

Accrued wages 250,000

Long-term debt 4,260,000

Inventory 7,240,000

Accounts receivable 3,580,000

Preferred stock 530,000

Retained earnings 6,977,000

Land 2,890,000

Accounts payable 1,650,000

Taxes due 130,000

Common stock $ 23 par

Common shares outstanding 161,000

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 $

Book Problem 9-02 Given the following information, construct them's balance sheet Cash and cash equivalents Accumulated depreciation on plant and equipment Plant and equipment Accrued wages Long-term debt Inventory Accounts receivable Preferred stock Retained earnings Land Accounts payable Taxes due Common stock Common shares outstanding Current portion of tong-term debt $ 620,000 890,000 4,390,000 250,000 4,260.000 7,240,000 3,580,000 530,000 6,977,000 2,890,000 1,650,000 130,000 $ 23 par 161,000 330,000 Round your answers to the nearest dollar Assets Cash and cash equivalents Accounts receivable Inventory Total current assets Corporation X Balance Sheet as of XX/XX/XX Liabilities and Owners' Equity Accounts payable Taxes due Accrued wages Current portion of long-term debt Total current liabilities Long-term debt Preferred stock Common stock Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 5 Land Plant and equipment Total assets