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Consider the following information: Gil's Fish and Tackle, Inc. Balance Sheet At December 31 2016 Assets Cash Accounts Receivable (less allowance) Inventories Property, Plant and

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Consider the following information: Gil's Fish and Tackle, Inc. Balance Sheet At December 31 2016 Assets Cash Accounts Receivable (less allowance) Inventories Property, Plant and Equipment Long-term Investments 29,300 214,950 162,350 302,800 230,000 Total Assets $939,400 Liabilities Accounts Payable Current Portion of Long-Term Debt Long-Term Notes Payable 59,200 82.800 143,000 Total Liabilities 285.000 Stockholders' Equity Contributed Capital Retained Earnings 500.000 154.400 Total Stockholders Equity 854.400 Total Liabilities and Stockholders' Equity $939 400

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