Question: Prepare a 2 0 2 4 balance sheet for Willis Corporation based on the following information: Cash = $ 1 3 9 , 0 0

Prepare a 2024 balance sheet for Willis Corporation based on the following information: Cash =$139,000;
Patents and copyrights =$630,000; Accounts payable =$217,500; Accounts receivable =$112,500; Tangible
net fixed assets =$1,650,000; Inventory =$299,000; Notes payable =$160,000; Accumulated retained
earnings =$1,254,000; Long-term debt =$857,000.
Note: Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.
Prepare a 2024 balance sheet for Willis Corporation based on the

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