Cash $ 30,000 Accounts Payable $ 20,000 Accounts Receivable 30,000 Notes Payable 400,000 Plant & Equipment 3,000,000 Common Stock 200,000 Accum. Depreciation (1,100,000) Retained Earnings 1,340,000 Total Assets $ 1,960,000 Total Liabilities & Equity $ 1,960,000 During the year, the resort expects to rent 40,000 rooms. Rooms rent for an average of $130 per night. Additionally, the resort expects to sell 45,000 meals at an average price of $35 per meal. The variable cost per room rented is $55, and the variable cost per meal is $15/ The resort