Preparing

a balance

sheet)

Prepare a balance sheet and a common-sized balance sheet from the information in the popup window,

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Cash	$30 comma 52030,520
Accounts receivable	63 comma 42263,422
Accounts payable	52 comma 76952,769
Short-term notes payable	10 comma 47710,477
Inventories	65 comma 83365,833
Gross fixed assets	1 comma 060 comma 2221,060,222
Accumulated depreciation	85 comma 49285,492
Long-term debt	210 comma 307210,307
Common stock	480 comma 336480,336
Other assets	25 comma 93825,938
Retained earnings	?

.Complete the part of the balance sheet below.(Round to the nearest dollar.

NOTE:

Input the Accumulated depreciation account as a negative value.)

Balance Sheet
ASSETS
	$
Total current assets	$
	$
Net fixed assets	$
Total assets	$

Complete the part of the balance sheet below.(Round to the nearest dollar.)

Balance Sheet (Cont'd)
LIABILITIES AND EQUITY
Liabilities
	$
Total current liabilities	$
Total liabilities	$
Equity
	$
Total equity	$
Total liabilities and equity	$

Complete the part of the common-sized balance sheet below.(Round to one decimal place.

NOTE:

Input the Accumulated depreciation account as a negative value.)

Common-sized Balance Sheet
ASSETS
Cash	$	30,520		%
Accounts receivable		63,422
Inventories		65,833
Total current assets	$	159,775		%
Gross fixed assets	$	1,060,222		%
Accumulated depreciation		(85,492)
Net fixed assets	$	974,730		%
Other assets		25,938
Total assets	$	1,160,443		%

Complete the part of the common-sized balance sheet below.(Round to one decimal place.)

Common-sized Balance Sheet (Cont'd)
LIABILITIES AND EQUITY
Liabilities
Accounts payable	$	52,769		%
Short-term notes payable		10,477
Total current liabilities	$	63,246		%
Long-term debt		210,307
Total liabilities	$	273,553		%
Equity
Common stock	$	480,336		%
Retained earnings		406,554
Total equity	$	886,890		%
Total liabilities and equity	$	1,160,443		%

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