Completing a Balance Sheet

The following December 31, 2014, fiscal year-end account balance information is available for the Stonebridge Corporation:

Cash and cash equivalents: 3280

Accounts receivable (net): 18600

Inventories: 57000

Property, plant, and equipment (net): 119000

Accounts payable: 47700

Wages payable: 13600

Paid-in capital: 92900

The only asset not listed is short-term investments. The only liabilities not listed are a $34000 note payable due in two years and related accrued interest of $760 due in four months. The current ratio at year-end is 1.5:1.

Required:

Determine the following at December 31, 2014:

1. Total current assets

2. Short-term investments

3. Retained earnings

Please include as much detail as possible for how you found your answer.