Sheffield Corp. Balance Sheet December 31, 2022 Cash Accounts receivable Inventory $68000 Accounts payable $126000 103000 Salaries and wages payable 12300 140000 Mortgage payable 156000 Prepaid insurance 89000 Total liabilities $294300 Stock investments (long-term) 197000 Land 187000 Buildings $211500 Common stock $232700 Less: Accumulated depreciation (52000) 159500 Retained earnings 521500 Patent 105000 Total stockholders' equity $754200 Total assets $1048500 Total liabilities and stockholders' equity $1048500 O $597000 $400000 O $260000 O $294300 Attempts: 0 of 1 used Submit Answer