PM CDT Assets Cash and equivalents Accounts receivable Inventories $ 13,000 12,000 25,000 24,000 35,000 32,240 80.240 $61,000 Total current assets Net plant and equipment Total assets 49,000 46,000 $129,240$107,000 Liabilities and Equity Accounts payable Accruals Notes payable $9,000 5,000 5,500 $ 23,900 19,500 20,000 $ 43,900 39,500 50,000 17,500 67,500 $107,000 $10,800 7,000 6,100 Total current liabilities Long-term bonds 20,000 Total liabilities Common stock (4,000 shares) Retained eamings 50,000 35,340 $ 85,340 $129,240 Common equity Total liabilities and equity Income Statement for Year Ending December 31, 2016