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.