C i Secure https:/ew.or Ch 12 GL-Ex 12-11 Optional See Instructor Use the following financial statements and additional Information $127,70074,60 Accounts receivable, net Prepald Iotal currest assets 131,900 121,00 Eqvigment Accumdepreciation-Eqvipmen Luabilities and Equity nages payable incone taxes payable Total carrent labilities Notes payable (long tera) Total liabilities 5 28,400 $ 34,0 Comnce stock, s par vabu Retained earnings ose Statesont Cost of sods sold lype hene to 6 8 C i Secure https:/ew.or Ch 12 GL-Ex 12-11 Optional See Instructor Use the following financial statements and additional Information $127,70074,60 Accounts receivable, net Prepald Iotal currest assets 131,900 121,00 Eqvigment Accumdepreciation-Eqvipmen Luabilities and Equity nages payable incone taxes payable Total carrent labilities Notes payable (long tera) Total liabilities 5 28,400 $ 34,0 Comnce stock, s par vabu Retained earnings ose Statesont Cost of sods sold lype hene to 6 8