Assets Cash $24,442 3.3 % Accounts receivable $123,423 16.8 % Inventory 200865 27.3 % Total current assets $348,730 47.4 % 700000 95.1 % Gross plant and equipment Less: accumulated depreciation Net plant and equipment $313,000 42.5 % 387000 52.6 % $735,730 100.0 % Total assets Liabilities Accounts payable 15.9 % Notes payable $28,333 3.9 % Total current liabilities % $246,438 33.5 % Long-term debt Total liabilities $391,425 % 0.6 % Common stock ($0.01 par, 450,000 shares) Paid-in capital $4,500 $222,198 30.2 % Retained earnings % Total stockholders' equity $344,305 46.8 % Total liabilities and equity $ 735,730 100.0 %