Assets Cash Accounts Receivable Inventory Land Buildings and Equipment Less: Accumulated Depreciation Investment in Short Retail Stores Total Assets Liabilities and Equity Accounts Payable Bonds Payable Preferred Stock ($10 par value) Common Stock: $10 par value $5 par value Retained Earnings Total Liabilities and Equity Punch Manufacturing Corporation Short Retail Stores $ 52,000 101,000 $ 32,000 81,000 270,000 105,000 490,000 (235,000) 136,000 120,000 75,000 310,000 (130,000) $ 488,000 $ 919,000 $ 119,000 250,000 $ 18,000 200,000 100,000 200,000 150,000 200,000 100,000 70,000 $ 919,000 $ 488,000