1. Balance Sheet Preparation: Standard Steele is a leading manufacturer and retailer of steel structures to build bridges. The following is adapted from December 31, 2018 annual financial report. Dollars are reported in thousand. Balances are shown in no particular order. The accounts have normal balances.

   Account Name	Balance	Account Name	Balance
   Accounts Payable	$30,000	Retained Earnings	$60,000
   Accounts Receivable	$30,000	Inventories	$20,000
   Notes Payable (3 month)	$6,000	Long-term Note Payable	$20,000
   Cash	$50,000	Property, Plant, & Equipment (net)	$110,000
   Common Stock	$80,000	Income Taxes Payable	$14,000

   Make sure your accounting equation (A=L + OE) is in balance or some of your answers are wrong!

   Q18. Current Assets:

   	A.	95,000
   	B.	100,000
   	C.	125,000
   	D.	155,000

2. Total Assets:
3. Current Liabilities:
4. Total Liabilities: