Following are the 2015 balance sheet and income statement for McMurray Solutions, Inc McMurray Solutions, Inc. Balance Sheet As of April 30, 2016 ASSETS Current Assets Cash Investments Accounts Receivable Interest Receivable Rent Receivable Merchandise Inventory Prepaid Rent Supplies $ 50,000 250,000 201,000 375 3,000 65,500 20,000 32,000 621,875 689,500 $1,311,375 Total Current Assets: Plant and Equipment, net Total Assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Accounts Payable Wage Payable Interest Payable Income Tax Payable $ 155,000 2,750 875 98,100 256,725 87,500 344,225 Total Current Liabilities: Notes Payable Total Liabilities Stockholders' Equity Common Stock Additional Paid-in capital Retained Earnings 200,000 270,000 497,150 967,150 $ 1,311,375 Total Stockholders' Equity Total Liabilities and Stockholders' Equity