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Prepare a 2021 balance sheet for Willis Corporation based on the following information: Cash = $145,000; Patents and copyrights = $630,000; Accounts payable = $222,000;

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Prepare a 2021 balance sheet for Willis Corporation based on the following information: Cash = $145,000; Patents and copyrights = $630,000; Accounts payable = $222,000; Accounts receivable = $135,000; Tangible net fixed assets = $1,665,000; Inventory $302,000; Notes payable = $130,000; Accumulated retained earnings. $1,242,000; Long-term debt = $863,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.) = WILLIS CORPORATION Balance Sheet Assets Liabilities and Equity Total assets Current liabilites Total liabilities. Total liabilities & owners' equity

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