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Use the accounts below for Black and Decker Ltd. to prepare a balance sheet in proper...

Use the accounts below for Black and Decker Ltd. to prepare a balance sheet in proper format as at December 31, 2019

Common shares

$    149,900

Cash

   1,083,200

Bank loan payable (due 2025)

   1,715,000

Accounts receivable

      832,800

Prepaid expenses

      308,800

Goodwill

    2,019,900

Current liabilities

    1,195,900

Inventory

      777,100

Bonds payable (due 2030)

   1,285,200

Property plant and equipment (net)

      473,400

Retained earnings

   1,149,200
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