FINANCE

Below is a list of account balances for Currie Hospital as of December 31, 2013. Prepare a balance sheet as of December 31, 2013, in proper form. (Hint: You will need to compute the net assets account. Assume that all net assets at the beginning of the year are unrestricted.)

Account

Balance
Gross plant & equipment

$6,000,000
Accounts payable

130,000
Inventories

100,000
Other current liabilities

70,000
Net accounts receivable

650,000
Accrued expenses

100,000
Accumulated depreciation

200,000
Long-term debt

5,000,000
Cash

210,000

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