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ook int ences Brief Exercise 3-7 (Algo) Balance sheet preparation; missing elements [LO3-2, 3-3] Use the following information from the balance sheet of Raineer

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ook int ences Brief Exercise 3-7 (Algo) Balance sheet preparation; missing elements [LO3-2, 3-3] Use the following information from the balance sheet of Raineer Plumbing to determine the missing amounts. Cash and cash equivalents Retained earnings Inventory Common stock Total current assets $ 59,000 Accounts payable $51,000 Accounts receivable 139,000 Notes payable (due in 2 years) 69,000 180,000 330,000 Property, plant and equipment (net) Total assets 590,000 Inventory Property, plant, and equipment (net) Retained earnings

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