Prepare a balance sheet given the following information for Corp. as of December 31,
2014: cash = \$197,000; intangible net fixed assets = \$851,000; accounts payable =
\$292,000; accounts receivable = \$257,000; tangible net fixed assets = \$5,140,000;
inventory = \$542,000; notes payable = \$185,000; retained earnings = \$4,626,000; long-
term debt = \$1,210,000. (Enter your answer as directed, but do not round intermediate
calculations.)
Balance Sheet
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Current liabilities
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Total liabilities
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Total assets
$\nTotal liabilities & owners' equity $
