• Prepare a classified balance sheet for Alphabet Inc. as of December 31, 2023.
• Use the following data:
  • Current Assets:
    • Cash: $200,000
    • Accounts Receivable: $120,000
    • Inventory: $90,000
  • Non-Current Assets:
    • Property, Plant, and Equipment: $700,000
    • Intangible Assets: $100,000
  • Current Liabilities:
    • Accounts Payable: $100,000
    • Short-term Debt: $50,000
  • Non-Current Liabilities:
    • Long-term Debt: $250,000
  • Equity:
    • Common Stock: $300,000
    • Retained Earnings: $510,000

Question:

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