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Prepare a 2021 balance sheet for Willis Corporation based on the following information: Cash =$143,000; Patents and copyrights =$630,000; Accounts payable =$220,500; Accounts receivable =$115,000;

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Prepare a 2021 balance sheet for Willis Corporation based on the following information: Cash =$143,000; Patents and copyrights =$630,000; Accounts payable =$220,500; Accounts receivable =$115,000; Tangible net fixed assets =$1,660,000; inventory = $301,000; Notes payable =$120,000; Accumulated retained earnings =$1,246,000; Long-term debt =$861,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.)

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