Consider the following information Gil's Fish and Tackle, Inc. Balance Sheet At December 31, 2016 Assets 22,850 Cash Accounts Receivable (less allowance) 167,500 101,050 Inventories 142,800 Property, Plant and Equipment Long-term Investments 70,000 $504,200 Total Assets Liabilities 51,200 Accounts Payable 71,600 Current Portion of Long-Term Debt Long-Term Notes Payable 111,000 Total Liabilities 233,800 Stockholders' Equity 180,000 Contributed Capital 90,400 Retained Earnings Total Stockholders' Equity 270,400 Total Liabilities and Stockholders' Equity $504,200