Accumulated depreciation Retained earnings Cash Bonds payable Accounts receivable Plant and equipment-original cost Accounts payable Allowance for bad debts Common stock, $1 par, 100,000 shares outstanding Inventory Preferred stock, $52 par, 1,000 shares outstanding Marketable securities Investments Notes payable Capital paid in excess of par (common stock) $308,000 108,000 10,000 141,000 53,000 700,000 42,000 12,000 100,000 70,000 52,000 28,000 28,000 33,000 93,000 Assets Current Assets: Cash Balance Sheet Liabilities and Stockholders' Equity Current Liabilities: $ 10,000 Notes payable $ Accounts payable 33,000 42,000 $ 75,000 Total current liabilities Long-term liabilities $ Net accounts receivable Total current assets Other Assets: $ 75,000 10,000 Total liabilities Stockholders' Equity: Fixed assets: Net plant and equipment Total assets 0 Total stockholders' equity 10,000 Total liabilities and stockholders' equity | $ | $ 75,000