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On December 31, 2016, The Walsh Company had the following balances in its balance sheet accounts: Cash $ 98,000 Gross Accounts Receivable $ 151,000 Allowance

On December 31, 2016, The Walsh Company had the following balances in its balance sheet accounts: Cash $ 98,000 Gross Accounts Receivable $ 151,000 Allowance for Doubtful Accts. $ 12,000 Prepaid Expenses (Taxes/Insurance) $ 30,000 Inventory $ 689,000 Land $ 195,000 Plant/Property/Equipment (PPE) $ 912,000 Accumulated Depreciation on PPE $ 613,000 Trade Accounts Payable $ 123,000 Income Taxes Payable $ 230,000 Mortgage Notes Payable $ 560,000 Other Long-term Debt $ 115,000 Paid-in Capital $ 125,000 Retained Earnings $ 297,000 Prepare a properly formatted Balance Sheet for Walsh Company as of December 31, 2016.

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