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Balance Sheet Assets Cash 12,800 Inventory 15,800 Buildings 39,200 Total assets $67,800 Liabilities and Stockholders' Equity Liabilities Accounts payable 5,500 Stockholders' Equity (a) Common stock.

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Balance Sheet Assets Cash 12,800 Inventory 15,800 Buildings 39,200 Total assets $67,800 Liabilities and Stockholders' Equity Liabilities Accounts payable 5,500 Stockholders' Equity (a) Common stock. (b) Retained earnings $67,800 Total liabilities and stockholders' equity

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