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Selected current year$-$end financial statements of Cabot Corporation follow. $($All sales were on credit; selected balance sheet amounts at December $31$ of the prior year were inventory, $$51,900$; total assets, $$199,400$; common stock, $$83,000$; and retained earnings, $$42,494.$

$\backslash$table$[[,,\backslash$table$[[$CABOT CORPORATION$],[$Balance Sheet$],[$December $31$ of current year$]],],[$Assets$,,$Liabilities and Equity,$],[$Cash$,$$$18,000,$Accounts payable,$$15,500$