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Max Industries reported the following amounts on its balance sheet on December 31, 2014: Cash $180,000 Notes payable 100,000 Inventory 325,000 Contributed Capital 750,000 Net
Max Industries reported the following amounts on its balance sheet on December 31, 2014:
| Cash | $180,000 |
| Notes payable | 100,000 |
| Inventory | 325,000 |
| Contributed Capital | 750,000 |
| Net Property, Plant & Equipment | 600,000 |
| Accounts Receivable | 30,000 |
| Accounts Payable | 75,000 |
| Retained Earnings | ? |
1). What is the amount of Max
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