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Prepare a balance sheet given the following information for Alaskan Orange Corp. as of December 31, 2014: cash = $197,000; patents and copyrights = $851,000;
Prepare a balance sheet given the following information for Alaskan Orange Corp. as of December 31, 2014: cash = $197,000; patents and copyrights = $851,000; accounts payable = $292,000; accounts receivable = $257,000; tangible net fixed assets = $5,140,000; inventory = $542,000; notes payable = $185,000; accumulated retained earnings = $4,626,000; long-term debt = $1,210,000. (Enter your answer as directed, but do not round intermediate calculations.)
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