1.	List the assets the company had on August 31, 2010. Who has claim to these? assets?
2.	List the liabilities the company had on August ?31, 2010.

Leatherheads Football Gear, Inc. Balance Sheet August 31, 2010 Assets Liabilities and Shareholder's equity Cash Short-term investments .. Accounts receivable Inventory 00 Notes payable 275 490 345 11,570 4,450 3,040 $ 23,635 Equipment (net) . 14,000 Retained earnings 23,635