Assets Cash $24,599 3.3 % Accounts receivable $123,930 % Inventory 27.2 % Total current assets $348,964 % Gross plant and equipment 95.1 % Less: accumulated depreciation $313,000 42.5 % Net plant and equipment % $735,964 100.0 % Total assets Liabilities Accounts payable 16.1 % $ Notes payable $28,248 3.8 % Total current liabilities % $246,642 33.5 % $393,026 % Long-term debt Total liabilities Common stock ($0.01 par, 450,000 shares) Paid-in capital 0.6 % $4,500 $221,299 30.1 % Retained earnings % Total stockholders' equity $342,938 46.6 % Total liabilities and equity 100.0 %