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 $ 18,700 70,250 41,250 230,000 Total assets $360,200 Liabilities and Stockholders' Equity Accounts payable Note payable Common stock Retained earnings $72,250 13,700 180,000 94,250 Total liabilities and stockholders' equity $ 360,200