Current Assets Cash Chestion 4 Not yet answered Marked out of 5.00 The following is the Balance Sheet of a business on Dec 31, 2018 Balance sheet Dec 31, 2018 Current Liabilities - $100,000 Flag question Wages payable $20,000 Marketable securities 40,000 A/P 60,000 A/R 50,000 Tax/P 20,000 Inventory 100,000 Total Current 100,000 Liabilities Supply 10,000 Long-term debt 500,000 Total Current Assets 300,000 Total Liabilities 600,000 Fixed assets 1,000,000 Common Stocks, 400,000 100,000 shares Total Assets $1,300,000 Retained earnings 300,000 Total OE 700,000 The Total liabilities & OE $1,300,000