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Prepare a balance sheet for Alaskan Strawberry Corp. as of December 31, 2016, based on the following information: cash = $201,000; patents and copyrights =
Prepare a balance sheet for Alaskan Strawberry Corp. as of December 31, 2016, based on the following information: cash = $201,000; patents and copyrights = $855,000; accounts payable = $288,000; accounts receivable = $261,000; tangible net fixed assets = $5,180,000; inventory = $546,000; notes payable = $181,000; accumulated retained earnings = $4,666,000; long-term debt = $1,170,000.
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