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Exercise 3-1 (Algo) Balance sheet; missing elements (LO3-2, 3-3, 3-8] The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge
Exercise 3-1 (Algo) Balance sheet; missing elements (LO3-2, 3-3, 3-8] The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation: ed Cash and cash equivalents Accounts receivable (net) Inventory Property, plant, and equipment (net) Accounts payable Salaries payable Paid-in capital $ 6, 200 32,000 72,000 180,000 51,000 23,000 160,000 ok The only asset not listed is short-term investments. The only liabilities not listed are $42,000 notes payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end is 1.5.1. Required: Determine the following at December 31, 2021 ences 1. Total current assets 2. Short-term investments 3. Retained earnings
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