P3-5 Balance sheet preparation Use the appropriate items from the following list to pre- pare Mellark's Baked Goods balance sheet at December 31, 2019. Item Accounts payable Accounts receivable Accruals Accumulated depreciation Buildings Cash Common stock (at par) Cost of goods sold Depreciation expense Equipment Furniture and fixtures General expense Value ($000) at December 31, 2019 $ 220 450 55 265 225 215 O 90 2,500 45 140 170 320 Item Inventories Land Long-term debts Machinery Marketable securities Notes payable Paid-in capital in excess of par Preferred stock Retained earnings Sales revenue Vehicles Value ($000) at December 31, 2019 $ 375 100 420 420 75 475 360 100 210 3,600 25

Balance sheet preparation Use the appropriate items from the following list to prepare Mellark's Baked Goods balance sheet at December 31, 2019