The following are the balances of the ledger accounts as of December 31, 2020 of Royal Service Center. Prepare a Balance sheet as of December 31, 2020.

Cash in Bank 5,000,000 Cash Fund 25,000 Cash Equivalents 62,500 Inventory 700,000 Accounts Receivable 1,000,000 Notes Receivable 400,000 Office Supplies 12,500 Land 500,000 Transportation Equipment 1,000,000 Machineries and Equipment 700,000 Accumulated Depreciation-TE 100,000 Furniture and Fixture 500,000 Accumulated Depreciation-FF 50,000 Accounts Payable 1,000,000 Notes Payable 500,000 Interest Payable 50,000 Income Tax Payable 450,000 Bonds Payable 2,500,000 Santos, Capital 5,250,000