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520,000 90,000 Fill in the blanks below with the correct entries. Round your answers to the nearest dollar. Assets Current Assets Cash 200,000 Accounts receivable

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520,000 90,000 Fill in the blanks below with the correct entries. Round your answers to the nearest dollar. Assets Current Assets Cash 200,000 Accounts receivable ($ less allowance for doubtful accounts of $35,000) 1,260,000 Inventory 1,590,000 Total current assets Land Plant and equipment ($2,060,000 less accumulated depreciation 1,240,000 Total assets 4,650,000 160,000 1,120,000 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ Notes payable to banks Accrued wages Taxes owed Total current liabilities Long-term debt Stockholders' equity Common stock ($1 par, 690,000 shares authorized 660,000 outstanding) Retained earnings Total stockholders' equity $ Total liabilities and equity $ 2,850,000

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