0 word Question 16 The following information is taken from the balance sheet of Paulson Plumbing: cash and cash equivalents, $40,000; accounts recelvable, $120,000, inventories, ?; total current assets, $235,000; property, plant, and equipment (net),7; total assets, $400,000, accounts payable, $32,000; note payable (due in two years), $50,000; common stock, $100,000, and retained earnings, ?. You will note there are several missing items. What is the $ amount of inventory? HTML Edito . e @20-TT. 12pt - Paragraph 0 words 3 p Question 17 Which of the following is not one of the five steps for recognizing revenue? Recognize en for ast each performance obligation is satisfied