$1.$ Squash Delight Inc. had the following balance sheet:

Assets

Cash......................................................... $$75,000$

Accounts receivable................................ $$225,000$

Capital assets............................................ $$450,000$

Total assets............................................... $$750,000$

Liabilities

Accounts payable..................................... $$112,500$

Notes payable............................................ $$37,500$

Common stock $125,000$ shares................. $$225,000$

Retained earnings...................................... $$375,000$

$$750,000$