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Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: cash = $198,000; patents and copyrights
Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: cash = $198,000; patents and copyrights = $852,000; accounts payable $291,000; accounts receivable $258,000; tangible net fixed assets $5,150,000; inventory $543,000; notes payable $184,000; accumulated retained earnings $4,636,000; long-term debt = $1,200,000. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Balance Sheet Assets Cash Accounts receivable $ 198,000 258,000 Inventory 543,000 Tangible net fixed assets 5,150,000 Current assets $ 6,149,000
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