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Prepare a balance sheet for Alaskan Strawberry Corp. as of December 31, 2016, based on the following information: cash = $200,000; patents and copyrights =
Prepare a balance sheet for Alaskan Strawberry Corp. as of December 31, 2016, based on the following information: cash = $200,000; patents and copyrights = $854,000; accounts payable = $289,000; accounts receivable = $260,000; tangible net fixed assets = $5,170,000; inventory = $545,000; notes payable = $182,000; accumulated retained earnings = $4,656,000; long-term debt = $1,180,000.
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