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Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: cash = $208,000; patents and copyrights
Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: cash = $208,000; patents and copyrights = $862,000; accounts payable = $281,000; accounts receivable = $268,000; tangible net fixed assets = $5,250,000; inventory = $553,000; notes payable = $174,000; accumulated retained earnings = $4,736,000; long-term debt = $1,100,000. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Cash Accounts receivable Inventory Balance Sheet Assets $ 208,000 268,000 553,000 Current assets $ 1,029,000 Tangible net fixed assets 5,250,000 Intangible net fixed assets 862,000 Total assets $ 7,141,000 Liabilities Accounts payable $ 281,000 Notes payable 174,000 Current liabilities $ 455,000 Long-term debt 1,100,000 Total liabilities Common stock Accumulated retained earnings Total liabilities & owners' equity
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