Current assets: Cash Accounts receivable $68,000 107,000 Inventories Raw materials (film, costumes) Videos in process Finished videos awaiting sale $35,000 25,000 86,000 146,000 Prepaid insurance 10,000 Total current assets Studio and equipment Less accumulated depreciation 331,000 740,000 215,000 525,000 Total assets $856,000 Liabilities and Stockholders' Equity Accounts payable Capital stock Retained earnings $156,000 $425,000 275,000 700,000 Total liabilities and stockholders' equity $856,000 Current assets: Cash Accounts receivable $68,000 107,000 Inventories Raw materials (film, costumes) Videos in process Finished videos awaiting sale $35,000 25,000 86,000 146,000 Prepaid insurance 10,000 Total current assets Studio and equipment Less accumulated depreciation 331,000 740,000 215,000 525,000 Total assets $856,000 Liabilities and Stockholders' Equity Accounts payable Capital stock Retained earnings $156,000 $425,000 275,000 700,000 Total liabilities and stockholders' equity $856,000