Using the following data for Alpha Corporation, prepare a Balance Sheet

as of December 31. All numbers in in dollars except the common stock

shares issued.

accounts payable 1 ,809,000

accounts receivable 2 ,241,000

accrued income taxes payable 650,000

cash and cash equivalents 583,000

current portion of long-term debt 12,000

inventories 1 ,453,000

long-term debt 631,000

additional paid-in capital 1 ,018,000

property, plant, and equipment, net 3 ,570,000

unearned revenue 96,000

retained earnings 2 ,382,000

short-term debt 398,000

common stock (3,432,956 shares

issued)

851,000

If the company were a sole proprietorship, how would the equity section

differ?