Using the following data for Jackson Products Company, answer Parts a through g: k-63 Jackson Products Company's

Using the following data for Jackson Products Company, answer Parts a through g: k-63

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Jackson Products Company's Balance Sheet December 31, 2010 Cash Accounts receivable Inventory Total current assets $ 240,000 Accounts payable $ 380,000 320,000 Notes payable (9%) 1,040,000 Other current liabilities $1,600,000 Net plant and equipment Total assets 800,000 $2,400,000 Total current liabilities Long-term debt (10%) Stockholders' equity Total liabilities and stockholders' equity 420,000 50,000 $ 850,000 800,000 750,000 $2,400,000