3-3. (Preparing a balance sheet) Prepare a balance sheet from the following informa- tion. What is the net working capital and debt ratio? Cash $ 50,000 Accounts receivable 42,700 Accounts payable 23,000 Short-term notes payable 10,500 Inventories 40,000 Gross fixed assets 1,280,000 Other current assets 5,000 200,000 Long-term debt 490,000 Common stock 15,000 Other assets 312,000 Accumulated depreciation Retained earnings