Prepare a 2021 balance sheet for Willis Corporation based on the following information: Cash = $138,000; Patents and copyrights = $630,000; Accounts payable = $216,500; Accounts receivable = $160,000; Tangible net fixed assets = $1,645,000; Inventory $298,500; Notes payable $155,000; Accumulated retained earnings $1,256,000; Long-term debt = $856,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.) Total assets Assets WILLIS CORPORATION Balance Sheet Liabilities and Equity Current liabilites Total liabilities Total liabilities & owners' equity

Prepare a 2021 balance sheet for Willis Corporation based on the following information: Cash =$138,000; Patents and copyrights =$630,000; Accounts payable =$216,500; Accounts receivable =$160,000; Tangible net fixed assets =$1,645,000; Inventory = $298,500; Notes payable =$155,000; Accumulated retained earnings =$1,256,000; Long-term debt =$856,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.)