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