Given the following information, construct the firms balance sheet:

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	$

Cash and cash equivalents	$	250,000
Accumulated depreciation on plant and equipment		790,000
Plant and equipment		5,240,000
Accrued wages		260,000
Long-term debt		4,270,000
Inventory		6,620,000
Accounts receivable		4,890,000
Preferred stock		360,000
Retained earnings		3,410,000
Land		1,700,000
Accounts payable		2,640,000
Taxes due		150,000
Common stock	$	25 par
Common shares outstanding		262,000
Current portion of long-term debt	$	270,000