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 $ 26,050 191,050 131,900 222,800 150,000 Total Assets $721,800 Liabilities Accounts Payable Current Portion of Long-Term Debt Long-Term Notes Payable $ 55,200 77,200 127,000 Total Liabilities 259,400 Stockholders' Equity Contributed Capital Retained Earnings 340,000 122,400 Total Stockholders' Equity 462,400 Total Liabilities and Stockholders' Equity $721,800