• Prepare a balance sheet for Microsoft Corporation as of December 31, 2023.
• Use the following data:
  • Cash: $120,000
  • Accounts Receivable: $80,000
  • Inventory: $60,000
  • Property, Plant, and Equipment: $400,000
  • Accounts Payable: $50,000
  • Notes Payable: $150,000
  • Common Stock: $200,000
  • Retained Earnings: $260,000

Question:

Using the given data, prepare the balance sheet for Microsoft Corporation as of December 31, 2023. Ensure that the total assets equal the total liabilities and equity.