Kimber Co. is in the process of liquidating and going out of business. The firm's accountant has provided the following balance sheet and additional information Assets Cash 15,500 Accounts receivable 60,500 Merchandise inventory 110,000 Total current assets 186.000 Land 50,000 Buildings & equipment 342,500 Less: Accumulated depreciation (193,000) Total land, buildings, & equipment 199,500 Total assets 385,500 Liabilities and Stockholders' Equity Accounts payable 46,600 Notes payable 57,800 Total current liabilities 104,400 Long-term debt 51,200 Total liabilities 155.600 Stockholders' Equity Common stock, no par 110,000 Retained earnings 119,900 Total stockholders' equity 229,900 Total liabilities and stockholders' equity 385,500