Question: Preparing a Balance Sheet. Prepare a balance sheet for Alaskan Strawberry Corp. as of December 31, 2016, based on the following information: cash = $197,000; patents and copyrights = $863,000; accounts payable = $288,000; accounts receivable = $265,000; tangible net fixed assets = $5,150,000; inventory = $563,000; notes payable = $194,000; accumulated retained earnings = $4,586,000; long-term debt = $1,590,000.