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Prepare a balance sheet for Eli Lilly and Company as of August 31, 2026, using the following information: Cash: $850,000 Accounts Receivable: $400,000 Inventory: $300,000

Prepare a balance sheet for Eli Lilly and Company as of August 31, 2026, using the following information:

  • Cash: $850,000
  • Accounts Receivable: $400,000
  • Inventory: $300,000
  • Property, Plant & Equipment: $2,000,000
  • Accounts Payable: $200,000
  • Long-term Debt: $950,000
  • Common Stock: $600,000
  • Retained Earnings: $2

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