Near the end of 2017, the management of Dimsdale Sports Co, a merchandising company, prepared the following estimated balance sheet for December 31, 2017 DIMSDALE SPORTS cOMPANY Estinated Balance Sheet December 31, 2017 Assets $ 35,500 Cash Accounts receivable Inventory Total current assets Equipment Less: accumulated depreciation 528,800 135,80 s 69e,500 528,000 66,800 Equipment, net Total assets 62,099 $ 1,152, see Liabilities and Equity s 345,000 12,e00 88,000 Accounts payable Bank loan payable Taxes payable (due 3/15/2818) Total liabilities Common stock Retained earnings Total stockholders equity Total liabilities and equity $ 445,000 471,500 236,800 $ 1,152,5e0