Prepare a $2024$ balance sheet for Willis Corporation based on the following information: Cash $=$$$132,000$; Patents and copyrights $=$ $$630,000$; Accounts payable $=$$$212,500$; Accounts receivable $=$$$102,500$; Tangible net fixed assets $=$$$1,630,000$; Inventory $=$ $$295,500$; Notes payable $=$$$185,000$; Accumulated retained earnings $=$$$1,268,000$; Long$-$term debt $=$$$850,000.$

Note: Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.

$\backslash$table$[[$WILLIS CORPORATION$],[$Balance Sheet$],[$Assets$,,,$Liabilities and Equity,,$],[$Cash$,$$$,132,000,$Accounts payable,$$,212,500],[$Accounts receivable,,$102,500,$Notes payable,,$185,000],[$Inventory$,,295,500,$Current liabilites,$$,397,500],[$Current assets,$$,530,000,,,],[,,$Long$-$term debt,$$,850,000],[,,$Total liabilities,$$,1,247,500$