Prepare a balance sheet as of December 31, 2023, for Saudi Electricity Company using the following information:

Assets:

• Cash: SAR 800,000
• Accounts Receivable: SAR 600,000
• Inventory: SAR 400,000
• Property, Plant, and Equipment: SAR 6,000,000
• Accumulated Depreciation: SAR 1,000,000

Liabilities:

• Accounts Payable: SAR 300,000
• Long-Term Debt: SAR 2,500,000

Shareholders' Equity:

• Common Stock: SAR 3,000,000
• Retained Earnings: SAR 2,000,000

Ensure proper classification of assets, liabilities, and equity items in SAR, and include calculations for total assets, total liabilities, and shareholders' equity.