Current assets Net Fixed assets Total assets Accounts payable and accurals $2,000 3,000 $5,000 2019 $900 Short term debt 100 Long term debt 1,100 Preferred Stock (10,000 shares) 250 Common Stock (50,000 shares) 1,300 Retained earnings 1,350 Total common equity $2,650 Total liabilities and equity $5,000