Assets Cash $24,470 3.3 % Accounts receivable $124,296 % Inventory 27.3 % Total current assets $350,420 % Gross plant and equipment 94.9 % Less: accumulated depreciation $313,000 42.4 % Net plant and equipment % $737,420 100.0 % Total assets Liabilities Accounts payable 15.7 % Notes payable $28,837 3.9 % Total current liabilities % $ Long-term debt $245,951 33.4 % Total liabilities $390,875 % Common stock ($0.01 par, 450,000 shares) Paid-in capital $4,500 $223,308 0.6 % 30.3 % Retained earnings % $ $346,545 47.0 % Total stockholders' equity 100.0 % Total liabilities and equity