Question: 1 6 . Preparing a Balance Sheet. Prepare a balance sheet for Alaskan Orange Corp. as of December 3 1 , 2 0 1 4

16. Preparing a Balance Sheet. Prepare a balance sheet for Alaskan Orange Corp. as of December 31,2014, based on the following information: cash = $197.000: patents and copyrights = $863,000; accounts payable = $288,000; accounts receivable = $265,000; tangible net fixed assets = $5,300,000: inventory = $563,000; notes payable = $194,000; accumulated retained earnings = $4,586,000; long-term debt = $1,450,000.

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