1. ABC Corporation has the following information on its balance sheet:

• Property, Plant, and Equipment (net): $200,000
• Intangible Assets: $50,000
• Goodwill: $30,000
• Short-term Investments: $40,000
• Notes Payable (current portion): $20,000
• Notes Payable (long-term portion): $60,000
• Common Stock: $100,000
• Additional Paid-in Capital: $50,000
• Treasury Stock: $10,000

1. Using this information, calculate the total assets and total liabilities & equity for ABC Corporation. Explain how each item contributes to the overall financial position of the company.