LOS GATOS CORPORATION Balance Sheet At December 31, 2021 Assets Current assets: Cash Accounts receivable $ 62.000 x s 66.000 x Net accounts receivable Inventory 66.000 113,000 241,000 L Total current assets Investments: Restricted cash Notes receivable $ 31,000 31,000 62.000 Total investments Property, plant, and equipment: Machinery Accumulated depreciation Net property, plant, and equipment Intangible assets: Franchise (net) 131,000 (81,000) 50,000 41,000 Total assets $ 394,000 Liabilities and Shareholders' Equity Current liabilities: $ Accounts payable Interest payable Notes payable 72,000 16,000 61,000 149,000 Total current liabilities Long-term abilities: Bonds payable 121,000 270,000 Total liabilities Shareholders' equity Common stock Retained earnings $ 81,000 46,000 Total shareholders' enuity 127 000 Total liabilities and shareholders equity $ 397,000 Red text indicates ne sone was expected in a celor a formula based calculations incorrect, no ponts deducted