Solution for QID #26183: Given the following information, construct the firm’s | StudyHelpMe

Given the following information, construct the firm’s balance sheet: Cash and cash equivalents…………………………………………………………..............…..$ 300,000 Accumulated depreciation on plant and equipment……………………………………..800,000 Plant and equipment…………………………………………………………………...................$,800,000 Accrued wages…………………………………………………………………………........................400,000 Long- term debt 4,200,000 inventory…………………………………………………..........6,400,000 Accounts receivable …………………………………………………………………….................4,100,000 Preferred stock………………………………………………………………………….…...................500,000 Retained earnings………………………………………………………………………..................7,700,000 Land……………………………………………………………………………………..........................1,000,000 Accounts payable………………………………………………………………………..................2,100,000 Taxes due………………………….......................……………………………………………………..100,000 Common stock $ 10 par common Shares outstanding……………………………….................………………………………………150,000 Current portion of long- term debt……………………….......…………………………....$ 300,000