Given the following information, construct the firm’s balance sheet:

Cash and cash equivalents..............$ 300,000

Accumulated depreciation on plant and equipment....800,000

Plant and equipment.................5,800,000

Accrued wages....................400,000

Long-term debt....................4,200,000

Inventory......................6,400,000

Accounts receivable....................4,100,000

Preferred stock....................500,000

Retained earnings....................7,700,000

Land........................1,000,000

Accounts payable....................2,100,000

Taxes due......................100,000

Common stock....................$ 10 par

Common shares outstanding..............150,000

Current portion of long-term debt...........$ 300,000