2. Use your knowledge of balance sheets to fill in the missing amounts: Assets Cash $50,000 Accounts receivable 80,000 Inventory 100,000 Total current assets Gross plant and equipment Less: accumulated depreciation 130,000 Net plant and equipment 600,000 Total assets Liabilities Accounts payable $12,000 Notes payable 50,000 Total current liabilities Long-term debt Total liabilities Common stock ($1 par, 100,000 shares) Paid-in capital 250,000 Retained earnings 200,000 Total stockholders' equity Total liabilities and equity $830,000 3. Use your knowledge of balance sheets and common-size statements to fill in the missing dollar amounts: Assets Cash $25,000 3.4% Accounts receivable $125,000 Inventory 27.1% Total current assets $350,000 Gross plant and equipment 95.0% Less: accumulated depreciation $313,000 42.5% Net plant and equipment Total assets $737,000 100.0% Liabilities Accounts payable 15.7% Notes payable $29,000 3.9% Total current liabilities Long-term debt $248,000 33.6% Total liabilities $393,000 Common stock ($.01 par, 450,000 shares) $4,500 0.6% Paid-in capital $220,500 29.9% Retained earnings Total stockholders' equity $344,000 46.7% Total liabilities and equity 100.0%