Prepare a balance sheet for Budd Corp. as of December 31, 2019, based on the following information: cash = $227,000; patents and copyrights = $817,000; accounts payable $239,000; accounts receivable = $265,000; tangible net fixed assets = $5,720,000; inventory $597,000; notes payable $221,000; accumulated retained earnings $4,676,000; long-term debt = $1,860,000. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)