Current assets Cash Accounts receivable $ 25,000 $ 24,100 805,556 763,900 Inventories 700,625 763.445 Total current assets $1,531,181 $1,551,445 Gross fixed assets (at cost) $2,593,819 $1,691,707 Less: Accumulated depreciation 600,000 348,000 Net fixed assets $1,993,819 $1,343,707 Total assets $3.525.000 $2.895.152 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 230,000 $ 400,450 Notes payable 311,000 370,000 Accruals 75,000 100,902 Total current liabilities $ 616,000 $ 871,352 Long-term debt $1,565,200 $700,000 Total liabilities $2,181,200 $1.571.352 Stockholders' equity Common stock (100,000 shares at $4 par)* 400,000 400,000 Paid-in capital in excess of par value 643,800 643,800 Retained earnings 300,000 280,000 Total stockholders' equity $1.343.800 $1.323.800 Total liabilities and stockholders' equity $3.525.000 $2.895.152 Perez Construction's 100,000 shares of common stock closed at a price of $54.00 per share.