Problem 9-02 Given the following information, construct the firm's balance sheet: Cash and cash equivalents $ 770,000 Accumulated depreciation on plant and equipment 670,000 Plant and equipment 4,000,000 Accrued wages 290,000 Long-term debt 4,610,000 Inventory 7,230,000 Accounts receivable 4,530,000 Preferred stock 350,000 Retained earnings 7,255,000 Land 1,700,000 Accounts payable 2,580,000 Taxes due 200,000 Common stock 17 par Common shares outstanding 115,000 Current portion of long-term debt $ 320,000 Round your answers to the nearest dollar Assets Cash and cash equivalents $ Accounts receivable Inventory Total current assets $ Land Plant and equipment Corporation X Balance Sheet as of XX/XX/XX Liabilities and Owners' Equity Accounts payable Taxes due Accrued wages Current portion of long-term debt Total current liabilities Long-term debt Preferred stock Common stock Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 5 Total assets Check My Work