Question: Prepare a 2 0 2 4 balance sheet for Willis Corporation based on the following information: Cash = $ 1 3 7 , 0 0

Prepare a 2024 balance sheet for Willis Corporation based on the following information: Cash = $137,000; Patents and copyrights = $630,000; Accounts payable = $216,000; Accounts receivable = $130,000; Tangible net fixed assets = $1,645,000; Inventory = $298,000; Notes payable = $150,000; Accumulated retained earnings = $1,258,000; Long-term debt = $855,000.

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