Question: Prepare a 2020 balance sheet for Jarrow Corp. based on the following information: cash = $137,000; patents and copyrights = $630,000; accounts payable = $216,000;

Prepare a 2020 balance sheet for Jarrow Corp. 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. (Do not round intermediate calculations. Be sure to list the accounts in order of their liquidity.)

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