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(4) Given below are the balance sheet of 2017 developed by Vera. Calculate the Owner's Equity. If the Accumulated Re Earnings are $29,000 what
(4) Given below are the balance sheet of 2017 developed by Vera. Calculate the Owner's Equity. If the Accumulated Re Earnings are $29,000 what would Common Stock for the company be? (3 points) [Show your work] Balance Sheet as of December 31, 2017 ASSETS LIABILITIES & OWNER'S EQUITY Cash $18,643 Accounts Payable $42,786 Accounts receivable 14,753 Notes payable 21,046 Inventory 30,255 Current liabilities $63,832 Current assets $63,651 Long-term debt Net fixed assets $204,068 Owners' equity Total assets $267,719 Total liab. & equity ?? $103,006 $267,719
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