Question

Prepare a balance sheet given the following information for Alaskan Orange Corp. as of December 31, 2014: cash = $197,000; patents and copyrights = $863,000; accounts payable = $288,000; accounts receivable = $265,000; tangible net fixed assets = $5,300,000; inventory = $563,000; notes payable = $194,000; accumulated retained earnings = $4,586,000; long-term debt = $1,450,000. (Enter your answer as directed, but do not round intermediate calculations.)

Balance Sheet
(Click to select)CashAccounts payableCommon stockAccumulated retained earningsNotes payable	$		(Click to select)Tangible net fixed assetsAccounts payableInventoryCashIntangible net fixed assets	$
(Click to select)Accounts receivableNotes payableTangible net fixed assetsIntangible net fixed assetsAccounts payable			(Click to select)Notes payableCashIntangible net fixed assetsTangible net fixed assetsInventory
(Click to select)Notes payableIntangible net fixed assetsCommon stockAccounts payableInventory			Current liabilities	$
Current assets	$		(Click to select)Accounts receivableTangible net fixed assetsLong-term debtInventoryCash
			Total liabilities	$
(Click to select)Long-term debtTangible net fixed assetsCashAccounts payableNotes payable	$
(Click to select)Accounts payableIntangible net fixed assetsInventoryCurrent liabilitiesAccounts receivable			(Click to select)Accounts payableAccounts receivableCommon stockIntangible net fixed assetsNotes payable
			(Click to select)CashNotes payableCurrent assetsAccumulated retained earningsAccounts payable
Total assets	$		Total liabilities & owners’ equity	$

Answer 1