Problem 1: Reformulate the following Balance Sheet (SM) Traditional Balance Sheet: Cash 70 Accounts Payable 280 80 Marketable Securities 45 Wages Payable 480 Accounts Receivable 40 Notes Payable Inventories 420 Bonds Payable 3 Current Assets 1050 Current Liabilities 368 Fixed Assets 650 Bonds 515 Preferred Stock 80 Common Stock Equity 737 Total Assets 1700 Liabilities and Equity 1700 Part A: Reformulate the Balance Sheet