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Liabilities: ACCOUNTS PAYABLE - $12,000 NOTES PAYABLE - $50,000 TOTAL CURRENT LIABILITIES - LONG-TERM DEBT - TOTAL LIABILITIES - $190,000 COMMON STOCK ($1 per 100,000

Liabilities: ACCOUNTS PAYABLE - $12,000 NOTES PAYABLE - $50,000 TOTAL CURRENT LIABILITIES - LONG-TERM DEBT - TOTAL LIABILITIES - $190,000 COMMON STOCK ($1 per 100,000 shares) PAID-IN CAPITAL RETAINED EARNINGS - $150,000 TOTAL STOCKHOLDERS

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