Determining Current Assets and Current Liabilities from Other Accounts Given the following normal account balances, determine the missing amounts from a balance sheet dated December 31. Given amounts Equipment, net Patent Dec 31 $67,500 15,000 Notes payable (long-term) 20,000 Common stock Retained earnings Total liabilities 45,000 12,500 50,000 Note: There are no other missing amounts. Missing amounts Dec 31 Total current assets $ 102,500 x Total current liabilities $ 65,000 x