Based on the figures below and using this blank formPreview the document, create a Balance Sheet. Once you have done the calculations, fill in the answers in the text boxes below. You may need to use scratch paper. Accumulated Depreciation 11,000 Accounts Receivable 15,000 Ending Inventory (at cost) 36,000 Net Income After Taxes for the year 325,500 Owner Withdrawals 20,000 Total Long-Term Assets 149,000 Notes Payable 50,000 Total Liabilities and Owners Equity 500,000 Accounts Payable 10,000 Owner Capital (beginning of the year) 50,000 Cash and Equivalents 300,000 Owner Capital Paid (in current year) 50,000 Long-Term Debt 34,500.

Fill in the Answers (whole numbers only, do not use decimals): Total Owners' Equity: $ Property, Plant, and Equipment: $ Total Long-Term Liabilities: $