Problem 2-15 Preparing a Balance Sheet (L01) Prepare a 2021 balance sheet for Willis Corporation based on the following information: Cash = $134,000; Patents and copyrights = $630,000; Accounts payable = $214,000; Accounts receivable = $157,500; Tangible net fixed assets = $1,635,000; Inventory $296,500; Notes payable = $135,000; Accumulated retained earnings = $1,264,000; Long-term debt = $852,000. (Be sure to list the accounts in order of their liquidity. Do not round Intermediate calculations.) WILLIS CORPORATION Balance Sheet Liabilities and Equity Assets Current liabilites Total liabilities Total assets Total liabilities & owners' equity