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Enter the answers in blue shaded cells ASSETS LIABILITIES begin{tabular}{|l|r|} hline Accounts payable & $12,000 hline Notes payable & 50,000 hline multicolumn{1}{|c|}{ Total
Enter the answers in blue shaded cells ASSETS LIABILITIES \begin{tabular}{|l|r|} \hline Accounts payable & $12,000 \\ \hline Notes payable & 50,000 \\ \hline \multicolumn{1}{|c|}{ Total current liabilities } & $62,000 \\ \hline Long-term debt & \\ \hline Total Liabilities & $190,000 \\ \hline \end{tabular} EQUITY \begin{tabular}{|l|r|} \hline Common stock (\$1 par, 100,000 shares) & \\ \hline Paid-in capital & \\ \hline Retained eamings & 150,000 \\ \hline \multicolumn{1}{|c|}{ Total stockholder' equity } & \\ \hline Total Liabilitios and Equity & \\ \hline \end{tabular} Reminder: A=L+E
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