Following its initial financing and investing transactions in Question 5, the business manufactured its first batch of products. The cost of products manufactured was $650,000, depreciation was $20,000, and accounts payable increased $185,000. To provide additional cash, the business borrowed $250,000 and signed a short-term note payable.

Using the landscape (horizontal) format, prepare its balance sheet after its first production run. Start with the balance sheet after the initial financing and investing transactions in your answer to Question 5?