Prepare a balance sheet for Tim’s Couch Corp. as of December 31, 2002, based on the following information: cash = $300,000; patents and copyrights = $775,000; accounts payable = $700,000; accounts receivable = $150,000; tangible net fixed assets = $3,500,000; inventory  = $425,000; notes payable = $145,000; accumulated retained earnings = $2,150,000; long-term debt = $1,300,000.