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