Prepare a balance sheet for Alaskan Peach Corporation as of December 31, 2022, based on the following information: cash = \$210,000; patents and copyrights = \$864,000; accounts payable = \$279,000; accounts receivable = \$270,000; tangible net fixed assets = \$5,270,000; inventory = \$555,000; notes payable = \$172,000; accumulated retained earnings = \$4,756,000; long-term debt = \$1,080,000.
Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.
Balance Sheet
Assets
Cash
Accounts receivable
\$
210,000
270,000
555,000
Current assets
\$
1,035,000
5,270,000
864,000
Total assets
\$
7,169,000
Liabilities
Accounts payable
\$
279,000
172,000
Current liabilities
\$
451,000
1,080,000
Total liabilities
\$
1,531,000
Accumulated retained earnings
4,756,000
Total liabilities & owners' equity
\$
7,169,000
