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Prepare a balance sheet given the following information for Alaskan Orange Corp. as of December 31, 2014: cash = $205,000; patents and copyrights = $859,000;

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Prepare a balance sheet given the following information for Alaskan Orange Corp. as of December 31, 2014: cash = $205,000; patents and copyrights = $859,000; accounts payable = $284,000; accounts receivable = $265,000; tangible net fixed assets = $5,220,000; inventory = $550,000; notes payable = $177,000; accumulated retained earnings = $4,706,000; long-term debt = $1,130,000. (Enter your answer as directed, but do not round intermediate calculations.)

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