During the last year, Sigma Co had Net Income of $150, paid $15 in dividends, and sold new stock for $36. Beginning equity for the year was $610. Ending equity was

The following items are components of a traditional balance sheet. How much are the total assets of the firm?

Plant and equipment $40000

Common stock15,000

Cash6,600

Inventory20,900

Bad debt reserve6,000

Additional paid-in capital6,000

Accumulated depreciation28,600

Accounts receivable22,000