Examine InkJet Printing’s account balances m Short Exercise 4-9.

Requirement 

1. Identify or compute the following amounts for Ink Jet Printing.

a. Total current assets

b. Book value of plant assets

c. Total current liabilities

d. Total long-term liabilities

Data From Short Exercise 4-9:

After closing its accounts at February 28, 2010, Watts Electric Company had the following account balances:

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Long-term liabilities Other assets Accounts receivable $ 700 Equipment 1,000 Cash 1,800 Service revenue $ 4,000 400 0 Total expenses 0 Retained earnings 2,400 Accounts payable 900 Supplies 100 Unearned service revenue Common stock 1,300 500 Accumulated depreciation 1,500