entries. Round your answers to the nearest dollar. Assets Current Assets Cash Accounts receivable ($ less allowance for doubtful accounts of $20,000) Inventory Total current assets Land Plant and equipment ($2,070,000 less accumulated depreciation $ Total assets Liabilities and Stockholders' Equity Current liabilities $ 290,000 Accounts payable $ 620,000 Notes payable to banks 80,000 Accrued wages 1,260,000 Taxes owed 160,000 1,350,000 Total current liabilities $ 1,170,000 $ Long-term debt Stockholders' equity Common stock ($1 par, 610,000 shares authorized, 1,330,000 560,000 outstanding) $ 4,590,000 Retained earnings Total stockholders' equity $ 2,570,000 Total liabilities and equity $