Use your knowledge of balance sheets to fill in the missing amounts:
Assets
Cash..................................................................$10,000
Accounts receivable........................................100,000
Inventory...........................................................–––––––
Total current assets.........................................220,000
Gross plant and equipment............................500,000
Less: accumulated depreciation.....................–––––––
Net plant and equipment................................375,000
Total assets........................................................–––––––

Liabilities
Accounts payable.............................................$12,000
Notes payable.....................................................50,000
Total current liabilities.....................................–––––––
Long-term debt................................................–––––––
Total liabilities...................................................190,000
Common stock ($1 par, 100,000 shares).......–––––––
Paid-in capital....................................................–––––––
Retained earnings.............................................150,000
Total stockholders’ equity................................–––––––
Total liabilities and equity................................–––––––