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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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