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Fill in the blanks below with the correct entries. Round your answers to the nearest dollar. Assets Liabilities and Stockholders' Equity Current Assets Current liabilities

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Fill in the blanks below with the correct entries. Round your answers to the nearest dollar. Assets Liabilities and Stockholders' Equity Current Assets Current liabilities Cash $ 230,000 Accounts payable $ 700,000 Accounts receivable Notes payable to banks 160,000 less allowance for Accrued wages doubtful accounts of $35,000) 1,320,000 Taxes Owed 130,000 Inventory 1,770,000 Total current liabilities $ 1,320,000 Total current assets Long-term debt Land Stockholders' equity Plant and equipment Common stock ($2,500,000 less ($1 par, 710,000 accumulated depreciation shares authorized, $ > 1,740,000 650,000 outstanding) Total assets 5,480,000 Retained earnings Total stockholders' equity 5 2,840,000 Total liabilities and equity $

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