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.) You may use either a Word document or an Excel spreadsheet to construct the balance sheet. 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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