Near the end of 2017, the management of Dimsdale Sports Co, a merchandising company, prepared the following sheet for December 31, 2017 estimated balance DINSDALE SPORTS COMPANY Estipated Balance Sheet 31, 2017 Cash s 36,000 525,000 150,000 Accounts receivable Inventory Total current assets 711,000 Equipment Less: accumulated depreciation 540,000 67,50o Equipment, net. Total assets 472,500 $1,183,500 Liabilities and Equity $360,000 15,000 90,000 Accounts payable Bank loan payable Taxes payable (due 3/15/2018) Total Common stock Retained earnings Total stockholders equity s 465,000 472,500 246,000 718,500 $1,183,500 Total liabilities and equity