Assets: Cash and marketable securities $300,000 Accounts receivable 1,215,000 Inventories 1,747,500 Prepaid expenses 24,000 Total current assets 3,286,500 Fixed assets 2,700,000 Less: accum. depr. (1,087,500) Net fixed assets 1,612,500 Total assets $4,899,000 Liabilities: Accounts payable $240,000 Notes payable 825,000 Accrued taxes 42,000 Total current liabilities $1,107,000 Long-term debt 975,000 Common Stock (100,000 shares) 100,000 Retained Earnings 2,717,000 Total liabilities and owner