Question: 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

 Problem 2-16 Preparing a Balance Sheet [LO 1] Prepare a balance

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 =$193,000; patents and copyrights =$847,000; accounts payable =$296,000; accounts receivable =$253,000; tangible net fixed assets = $5,100,000; inventory =$538,000; notes payable =$189,000; accumulated retained earnings =$4,586,000; long-term debt =$1,250,000. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

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