P3-5 Balance sheet preparation Use the appropriate items from the following list to prepare Mellark's Baked Goods balance sheet at the end of the year. Accounts payable Accounts receivable Accruals Accumulated depreciation Buildings Cash Common stock (at par) Cost of goods sold Depreciation expense Equipment Furniture and fixtures popco Item value at year end ($ thousands) $220 Inventories 450 Land 55 Long-term debts 265 Machinery 225 Marketable securities 215 Notes payable 90 2,500 Paid-in capital in excess of par 45 Preferred stock 140 Retained earnings 170 Sales revenue 320 Vehicles $375 100 420 420 75 475 360 100 210 3,600 25

P3-5 Balance sheet preparation Use the appropriate items from the following list to prepare Mellark's Baked Goods balance sheet at the end of the year. P3-5 Balance sheet preparation Use the appropriate items from the following list to prepare Mellark's Baked Goods balance sheet at the end of the year