Minden Company is a wholesale distributor of premium European chocolates. The company's balance sheet as of April 30 is given below: Table Summary: Summary Minden Company Balance Sheet April 30 Assets Cash Accounts receivable Inventory $9,000 54,000 30,000 Buildings and equipment, net of depreciation 207,000 Total assets $300,000 Liabilities and Stockholders' Equity Accounts payable $63,000 Note payable 14,500 Common stock 180,000 Retained earnings Total liabilities and stockholders' equity 42,500 $300,000