You have received the following alphabetical list of balance sheet accounts for Picton Corporation (Picton). Organize the accounts into Picton’s balance sheet.

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Accounts receivable Advances paid by customers for goods to be provided $ 35,000 Insurance paid for in advance $ 10,000 Inventory Land 85,000 125,000 in the future 20,000 Loans made to the corporation Amounts owed to suppliers 75,000 by shareholders 50,000 Bank loan 100,000 Long-term debt 30,000 Capital stock 150,000 Retained earnings 80,000 Cash 12,000 Wages payable to employees 12,000 Furniture and fixtures 250,000