Question: Given the following information, construct the firm ? s balance sheet: Cash and cash equivalents $ 3 6 0 , 0 0 0 Accumulated depreciation

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

Cash and cash equivalents $ 360,000

Accumulated depreciation on plant and equipment 1,000,000

Plant and equipment 4,980,000

Accrued wages 260,000

Long-term debt 4,700,000

Inventory 5,740,000

Accounts receivable 4,880,000

Preferred stock 570,000

Retained earnings 7,026,000

Land 2,250,000

Accounts payable 2,920,000

Taxes due 80,000

Common stock $ 11 ?par

Common shares outstanding 124,000

Current portion of long-term debt $ 290,000

 


Round your answers to the nearest dollar. Assets Cash and cash equivalents

Round your answers to the nearest dollar. Assets Cash and cash equivalents $ Accounts receivable Inventory Total current assets $ Land Plant and equipment Total assets Corporation X Balance Sheet as of XX/XX/XX Liabilities and Owners' Equity Accounts payable Taxes due Accrued wages Current portion of long-term debt Total current liabilities Long-term debt Preferred stock Common stock Retained earnings Total shareholders' equity +A +A $ Total liabilities and shareholders' equity $

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