Computer Project FINANCIAL REPORTING II - SPRING 2017 As a recently hired accountant for Reeves Incorporated., you are provided with last year's balance sheet to familiarize yourself with the business. Reeves Incorporated Balance Sheet December 31, 2016 Assets Current Assets Cash Accounts Receivable Short-term Investments Inventories Prepaid Expenses Total Current Assets Property, plant and equip (net) Intangibles and other assets Total Assets $1,054.312 123,200 738,054 578,366 82,310 $2,576,242 832,400 692,175 $4,100,817 Current Liabilities Accounts payable 69,210 Short-term notes 131,870 Other current liabilities 200,574 Total Current Liabilities $401,654 Long-term debt 1,962,357 Total Liabilities $2,364,011 Stockholders' Equity Common Stock 1,421,300 Retained Earnings 315,506 Total Stockholder's Equity $1,736,806 Total liabilities + Stockholder's $4,100,817