180,000 570,000 110,000 1,360,000 1.720,000 Assets Current Assets Cash Accounts receivable (5 less allowance for doubtful accounts of $20,000) Inventory Total current assets Land Plant and equipment (52,420,000 less accumulated depreciation $ Total assets 110,000 1,080,000 Llables and Stockholders' Equity Current liabilities Accounts payable Notes payable to banks Accrued wages Tou owed Total current liabilities $ Long-term debt Stockholders equity Common stock (52 par, 660,000 shares authorized 620,000 outstanding) Retained earnings Total stockholders'equity S Total abilities and equity 1,750,000 5,380,000 3,280,000