Exercises connect The following December 31,2018,fiscal year end account balance information is available for the Stonebridge Corporation E3-1 Balance sheet; missing elements Cash and cash equivalents Accounts receivable (net) Inventories Property, plant, and equipment (net) Accounts payable Wages payable Paid-in-capital $5,000 20,000 60,000 120,000 44,000 15,000 100,000 LO3-2, LO3-3 03-8 The only asset not listed is short-term investments. The only liabilities not listed are a $30,000 note 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, 2018: 1. Total current assets 2. Short-term investments 3. Retained earnings