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Given the following information for Smashville, Inc., construct a balance sheet: Current liabilities: Cash: Long-term debt: Other assets: $50,000 $21,000 $110,000 $40,000 Fixed assets:

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Given the following information for Smashville, Inc., construct a balance sheet: Current liabilities: Cash: Long-term debt: Other assets: $50,000 $21,000 $110,000 $40,000 Fixed assets: $136,000 Other liabilities: $14,000 Investments: $44,000 Operating assets: $37,000 Total assets $ 0 Total liabilities and equity $ 0

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