Corina Saldivar, owner of sally's foods, provides you with a list of accounts and their balances as of December 31, 20X3, as follows:
Account Title Account Balance
Cash $3000
Marketable securities 20,000
Accounts payable 15,000
Accounts receivable 95,000
Allowance for doubtful accounts 3,000
Food inventory 6,000
Beverage inventory 2,000
Prepaid insurance 3,000
Income taxes payable 5,000
Building 500,000
Mortgage payable (current portion) 30,000
Mortgage payable (concurrent portion) 300,000
Equipment 100,000
Accrued expenses payable 10,000
Land 50,000
Accumulated depreciation 150,000
Common stock 100,000
Retained earnings 166,000
Required: Prepare a balance sheet for sally's foods as of December 31, 20X3.
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