19 A corporation reports the following year-end trial balance data Beginning of the year Total Assets were $280,000 Beginning of the year Inventory was $80,000 Use this information to answer questions 12 through 20 Account DR CR 8 40,000 55,000 60,000 145,000 75,000 5.000 30.000 100,000 70,000 Cash Accounts Receivable Inventory Equipment Accounts Payable Short-term portion of Notes Payable Long-term portion of Notes Payable Common Stock Beginning of Year Retained Earnings Dividends Sales Cost of Goods Sold Advertising Expense Depreciation Expense Interest Expense Payroll Expense Rent Expense Us Expense 6,000 247.000 77000 15 000 8,000 27000 69,000 18,000 7000 131 The coporations acid-test ratio IQuick Assets divided by Current Liabilties)