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This company's balance sheet has the following information; Cash = $5,000, Account Receivable = $4,000, Inventory = $10,000, Supplies = $1,000, Plant = $50,000, Equipment
This company's balance sheet has the following information; Cash = $5,000, Account
Receivable = $4,000, Inventory = $10,000, Supplies = $1,000, Plant = $50,000,
Equipment = $25,000, Intellectual Property = $2,500. Trades Payable = $2,000,
Income Tax Payable = $1,000, Short-Term Debt = $ 2,000, long-Term Debt =
$15,000, Bonds = $10,000, Common Stock = $40,000 and Retained Earnings =????
Create a Simplified Balance Sheet for this company from the financial information
provided above.
Total Assets = $92,500
Total Fixed Assets = $57,500
Net Working Capital = $25,000
Total Debt = $30,000
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