Question

​​​​​​As of December 31, 2014, Firm Q has a Cash balance of $ 50,000. A/R totaled...

​​​​​​As of December 31, 2014, Firm Q has a Cash balance of $ 50,000. A/R totaled $ 50,000 and Inventory totaled $ 40,000. Prepaid Insurance totaled $ 40,000 and Supplies had a balance of $ 20,000. Gross Equipment totaled $ 1,000,000, and Accumulated Depreciation totaled $ 400,000.  Accounts Payable (A/P) had a year end balance of $ 125,000. Short Term Notes Payable (S-T N/P) had a balance of $ $ 62,500 and Unearned Revenue had a balance of $ 40,000.  The year-end balance for Accrued Liabilities totaled $ 22,500. Long Term Notes Payable (L-T N/P) totaled $ 50,000 and Bonds Payable had a final balance of $ 100,000. Common Stock totaled $ 400,000. Based upon this information, please present a Balance Sheet for Firm Q. Please present Vertical Analysis also.


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