Question: 2:3 (Preparing a balance sheet) Prepare a balance sheet and a common-sized balance sheet from the information in the popup window, Complete the part of


(Preparing a balance sheet) Prepare a balance sheet and a common-sized balance sheet from the information in the popup window, Complete the part of the balance sheet below, (Round to the nearest dollar. NOTE Input the Accumulated depreciation account as a negative value.) Balance Sheet ASSETS $ 63.739 Accounts receivable Inventories 65,720 Cash 30.029 $ Total current assets Gross fixed assets 159.488 1.060,053 $ Accumulated depreciation (85,248) Net fixed assets Other assets 974,805 25,350 1.159,643 Total assets Balance Sheet (Cont'd) LIABILITIES AND EQUITY Liabilities 52,967 Accounts payable Short-term notes payable 10,878 Total current liabilities $ 63,845 Long-term debt 210,595 Total liabilities ta 274,440 Equity Retained earnings $ 404,775 Total equity $ Total liabilities and equity $ 1,159,643 Cash Accounts receivable Accounts payable Short-term notes payable Inventories Gross fixed assets Accumulated depreciation Long-term debt Common stock Other assets Retained earnings $30,029 63,739 52,967 10,878 65,720 1,060,053 85,248 210,595 480,428 25,350
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