Presented below is the balance sheet for HHD, Inc., at December 31, 2016. Current assets $ 620,000 Current liabilities $ 420,000 Investments 515,000 Long-term liabilities 965,000 Property, plant, and equipment 2,140,000 Shareholders' equity 2,100,000 Intangible assets 210,000 Total assets $ 3,485,000 Total liabilities and shareholders' equity $ 3,485,000 The captions shown in the summarized statement above include the following: a. Current assets: cash, $155,000; accounts receivable, $205,000; inventories, $230,000; and prepaid insurance, $30,000. b. Investments: investments in common stock, short term, $95,000, and long term, $165,000; and restricted cash, long term, $255,000. c. Property, plant, and equipment: buildings, $1,550,000 less accumulated depreciation, $605,000; equipment, $550,000 less accumulated depreciation, $205,000; and land, $850,000. d. Intangible assets: patent, $115,000; and copyright, $95,000. e. Current liabilities: accounts payable, $105,000; notes payable, short term, $155,000, and long term, $95,000; and taxes payable, $65,000. f. Long-term liabilities: bonds payable due 2021. g. Shareholders equity: common stock, $1,250,000; retained earnings, $850,000. Five hundred thousand shares of no par common stock are authorized, of which 250,000 shares were issued and are outstanding.