5 . A listing of the estimated balances in the company's ledger accounts as of December 31 , 2016 is given below : Assets Cash 03,50 Accounts receivable 734 000 Inventory - raw materials 9000 Inventory - finished goods 9. 125 Prepaid Insurance 64.000 Prepaid property and business taxes 19 . 200 Capital assets ( net ) 724.000 Total assets $1 642 690 Liabilities and Shareholders Equity Accounts payable $ 208 . 407 Income taxes payable 21.500 Capital stock 1000 000 Retained Earnings 412 783 Total liabilities and shareholders equity $1 642 690