Prepare a trial balance for General Electric Company. as of December 31, 2023, based on the following account balances:
•Cash: $55,000
•Accounts receivable: $150,000
•Inventory: $150,000
•Property, plant, and equipment: $500,000
•Accounts payable: $75,000
•Long-term debt: $200,000
•Common stock: $300,000
•Retained earnings: $275,000