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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 $852,000;
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 Inventory Current assets Intangible net fixed assets Total assets 1 Accounts payable Notes payable Liabilities Current liabilities Total liabilities Common stock Accumulated retained earnings Total liabilities & owners' equity
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