Ex 10 (6.000) .oo $3.000 AssOES 201s Cash 17.000 12,000 60,000 04.000oo0 current assets 167.00o 2 0.000 60,000) (48.o00) $357.000 $288,000 250,000 Total assets - Liabilities Accounts payable.... 35.o0040,000 Interest payable Income taxes payable .- Total current Habilities . 3.0002.00 4,000 22,000 60.000o 56,000 64.000 Long-term notes payable. Tocal iabilities-...*15o,000 120,000 Equity Common stock, $5 par Retained earnings Total equity Total liabilities and equity. 80,00O 112.000 .. $357.000 207.000168,000 $288,000 Additional information on Genesis Inc.'s 2015 transactions: a. The accounts payable balances result from inventory purchases b. Purchased $60,000 in plant assets by issuing $60,000 of notes payable. c. Sold plant assets with a book value of $8,000 (original cost of $20,000 and accumulated depreciation of $12,000) for $2,000 cash, yielding a $6,000 loss. d. Received $15,000 cash from issuing 3,000 shares of common stock. e.Paid $18,000 cash to retire notes with a $34,000 book value, yielding a $16,000 gain. f. Declared and paid cash dividends of $14,000