Please show how you calculated these numbers too.

The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 Assets Current assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses $ 6,500 35,000 70,000 3,500 Total current assets Property and equipment, net 115,000 185,000 Total assets $300,000 Liabilities and Stockholders' Equity Liabilities Current liabilities Bonds payable, 10% $50,000 80,000 130,000 $30,000 Total liabilities Stockholders' equity: Common stock, $5 par value Retained earnings 140,000 170,000 $300,000 Total stockholders' equity Total liabilities and stockholders' equity