Question: Prepare a 2020 balance sheet for Jarrow Corp. based on the following information: cash =$143,000; patents and copyrights =$630,000; accounts payable =$220,500; accounts receivable =$115,000;

Prepare a 2020 balance sheet for Jarrow Corp. based on the

Prepare a 2020 balance sheet for Jarrow Corp. based on the following information: cash =$143,000; patents and copyrights =$630,000; accounts payable =$220,500; accounts receivable =$115,000; tangible net fixed assets =$1,660,000; inventory =$301,000; notes payable =$120,000; accumulated retained earnings =$1,246,000; long-term debt =$861,000. (Do not round intermediate calculations. Be sure to list the accounts in order of their liquidity.)

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