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Prepare a balance sheet for Alaskan Strawberry Corp. as of December 31, 2016, based on the following information: cash = $193,000; patents and copyrights =
Prepare a balance sheet for Alaskan Strawberry Corp. as of December 31, 2016, based on the following information: cash = $193,000; patents and copyrights = $847,000; accounts payable = $296,000; accounts receivable = $253,000; tangible net fixed assets = $5, 100,000; inventory = $538,000; notes payable = $189,000; accumulated retained earnings = $4, 586,000; long-term debt = $1, 250,000. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)
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