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Prepare a balance sheet for Alaskan Peach Corp. as of December 31, 2019, based on the following information: cash = $204,000; patents and copyrights =
Prepare a balance sheet for Alaskan Peach Corp. as of December 31, 2019, based on the following information: cash = $204,000; patents and copyrights = $858,000; accounts payable = $285,000; accounts receivable = $264,000; tangible net fixed assets = $5,210,000; inventory = $549,000; notes payable = $178,000; accumulated retained earnings = $4,696,000; long-term debt = $1,140,000. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Answer is not complete. Balance Sheet 204,000 264,000 549,000 Assets Cash Accounts receivable Inventory Notes receivable Current assets Accumulated retained earnings Notes receivable Tangible net fixed assets Total assets Liabilities Accounts payable Notes payable Intangible net fixed assets Current liabilities 5,210,000 285,000 178,000 204,000 264,000 549,000 5,210,000 Cash Accounts receivable Inventory Notes receivable Current assets Accumulated retained earnings Notes receivable Tangible net fixed assets Total assets Liabilities Accounts payable Notes payable Intangible net fixed assets Current liabilities Long-term debt Total liabilities Common stock Long-term debt Accumulated retained earnings Total liabilities & owners' equity 285,000 178,000 1,140,000 4,696,000
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