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Prepare a balance sheet for Alaskan Peach Corp. as of December 31, 2019, based on the following information: cash = $193,000; patents and copyrights =
Prepare a balance sheet for Alaskan Peach Corp. as of December 31, 2019, based on the following information: cash = $193,000; patents and copyrights = $847,000; accounts payable = $296,000; accounts receivable = $253,000; tangible net fixed assets = $5,100,000; inventory = $538,000; notes payable = $189,000; accumulated retained earnings = $4,586,000; long-term debt = $1,250,000. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Balance Sheet Assets Current assets Cash Accounts receivable Inventory Total assets Liabilities Accounts payable Notes payable 193,000 253,000 538,000 984,000 $ $ 296,000 189,000 Current liabilities Total liabilities
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