Preparing a Balance Sheet Prepare a 2007 balance sheet for Haltiwanger Corp. based on the following information: cash = $210,000; patents and copyrights $720,000; accounts payable = $430,000; accounts receivable = $149,000; tangible net fixed assets = $2,900,000; inventory = $265,000; notes payable = $180,000; accumulated retained earnings = $1,865,000; long-term debt = $1,430,000.