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Fill in the blanks below with the correct entries. Round your answers to the nearest dollar. 200,000 560,000 80,000 Assets Current Assets Cash Accounts receivable

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Fill in the blanks below with the correct entries. Round your answers to the nearest dollar. 200,000 560,000 80,000 Assets Current Assets Cash Accounts receivable ($ less allowance for doubtful accounts of $15,000) Inventory Total current assets Land Plant and equipment ($2,360,000 less accumulated depreciation $ Total assets 1,330,000 1,460,000 80,000 1,140,000 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ Notes payable to banks Accrued wages Taxes owed Total current liabilities $ Long-term debt Stockholders' equity Common stock ($1 par, 640,000 shares authorized, 560,000 outstanding) Retained earnings Total stockholders' equity $ Total liabilities and equity $ 1,440,000 4,840,000 3,100,000

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