Question: Problem 2 - 1 6 Preparing a Balance Sheet [ LO 1 ] Prepare a balance sheet for Alaskan Peach Corp. as of December 3

Problem 2-16 Preparing a Balance Sheet [LO 1]
Prepare a balance sheet for Alaskan Peach Corp. as of December 31,2019, based on the following information: cash =$203,000; patents and copyrights =$857,000; accounts payable =$286,000; accounts receivable =$263,000; tangible net fixed assets = $5,200,000; inventory =$548,000; notes payable =$179,000; accumulated retained earnings =$4,686,000; long-term debt =$1,150,000.(Do not round intermediate calculations and round your answers to the nearest whole number, e.g.,32.)
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 Problem 2-16 Preparing a Balance Sheet [LO 1] Prepare a balance

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