A.Determine the total amount of CURRENT ASSETS (no need to break down)

B. Determine the total amount of LONG TERM ASSETS (no need to break down)

C. Determine the total amount of CURRENT LIABILITIES (no need to break down)

D. Determine the total amount of LONG TERM LIABILITIES (no need to break down)

E. Following the accounting equation, what is the amount of stockholders equity.

Cash Inventory Long term debt - 10% to be paid in 1 year Patent Sales Cost of goods sold Accumulated depreciation Land Prepaid insurance Paid in capital Salary expense 34,000 97,000 120,000 11,000 378,000 195,000 56,000 100,000 4,000 29,000 39,000 Supplies expense Unearned revenue Manufacturing building Accrued expenses Common stock Mortgage payable - due in 10 years Accounts receivable Long term investment Goodwill Notes receivable - due in 6 months Manufacturing equipment 3,000 2,500 125,000 14,000 1,000 90,000 27,000 50,000 20,000 5,000 89,000