Question: Prepare a 2017 balance sheet for Jarrow Corp. based on the following information: cash = $168,000; patents and copyrights = $827,000; accounts payable = $429,000;

Prepare a 2017 balance sheet for Jarrow Corp. based on the following information: cash = $168,000; patents and copyrights = $827,000; accounts payable = $429,000; accounts receivable = $237,000; tangible net fixed assets = $3,410,000; inventory = $385,000; notes payable = $171,000; accumulated retained earnings = $2,084,000; long-term debt = $1,985,000

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