Notes Payable 65,000 63,000 Common Stock ($10 par value) 160,000 Retained Earnings 216,000 Total Liabilities & Equities $ 482,000 Assets Cash & Equivalents $ 41,000 Accounts Receivable 73,000 Inventory 144,000 Land 200,000 Buildings 1,520,000 Equipment 638,000 Accumulated Depreciation (431,000) Total Assets $2,185,000 Liabilities and Equities Accounts Payable $ 35,000 Short-Term Notes Payable 50,000 Bonds Payable 500,000 Common Stock ($10 par) 1,000,000 Additional Paid-In Capital 325,000 Retained Earnings 275,000 Total Liabilities & Equities $2,185,000