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balance sheet for Shaver Corporation reported the following: cash, $17,500; short-term investments, $22,500; net accounts ivable, $60,000inventory, $65,000; prepaids, $22,500; equipment, $106,000; current liabilities, $65,000;
balance sheet for Shaver Corporation reported the following: cash, $17,500; short-term investments, $22,500; net accounts ivable, $60,000inventory, $65,000; prepaids, $22,500; equipment, $106,000; current liabilities, $65,000; notes payable (long- $95,000; total stockholders' equity, $133,500; net income, $5,820; interest expense, $9,400income before income taxes, 780
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