A firm has the following balance sheet:

$\backslash$table$[[$Assets$,,$Liabilities and Equity,$],[$Cash$,$$ $20,000,$Accounts payable,$ $20,000],[$Accounts receivable,$110,000,$Long$-$term debt,$100,000],[$Inventory$,120,000,\backslash$table$[[$Common stock $($ $$8$ par;$],[4,000$ shares outstanding$)]],32,000],[$Plant and equipment,$250,000,$Additional paid$-$in capital,$148,000],[,$Retained earnings,$200,000],[$$$500,000,,$$$500,000$