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 9,600 Accounts receivable 54,750 53,750 Inventory 214,000 Buildings and equipment, net of depreciation 332,100 Total assets Liabilities and Stockholders' Equity 70,500 Accounts payable Note payable 18.100 Common stock 180,000 Retained earnings 63,500 332,100 Total liabilities and stockholders' equity