LO2 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 Long-term debt 200,000 Common stock 490,000 Other assets 15,000 Accumulated depreciation 312,000 Retained earnings