Assets Cash Accounts receivable Merchandise inventory Total current assets Land $ 19,000 62,500 112,000 $193,500 $...

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Assets Cash Accounts receivable Merchandise inventory Total current assets Land $ 19,000 62,500 112,000 $193,500 $ 49,000 Buildings & equipment 349,000 Less: Accumulated depreciation (193,000) Total land, buildings, & equipment 205,000 Total assets $398,500 Liabilities and Stockholders' Equity Accounts payable $ 49,800 Notes payable 58,100 Total current liabilities $107,900 Stockholders' Equity Retained earnings Long-term debt Total liabilities Common stock, no par Total stockholders' equity Total liabilities and stockholders' equity 55,000 $162,900 $ 110,000 125,600 235,600 $398,500 Assets Cash Accounts receivable Merchandise inventory Total current assets Land $ 19,000 62,500 112,000 $193,500 $ 49,000 Buildings & equipment 349,000 Less: Accumulated depreciation (193,000) Total land, buildings, & equipment 205,000 Total assets $398,500 Liabilities and Stockholders' Equity Accounts payable $ 49,800 Notes payable 58,100 Total current liabilities $107,900 Stockholders' Equity Retained earnings Long-term debt Total liabilities Common stock, no par Total stockholders' equity Total liabilities and stockholders' equity 55,000 $162,900 $ 110,000 125,600 235,600 $398,500