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Problem 7-7A You are provided with the following information taken from Metlock, Inc.'s March 31, 2017, balance sheet. Cash $11,860Accounts receivable 23,480Inventory 36,810Property, plant, and

Problem 7-7A

You are provided with the following information taken from Metlock, Inc.'s March 31, 2017, balance sheet.

Cash

$11,860Accounts receivable

23,480Inventory

36,810Property, plant, and equipment, net of depreciation

123,700Accounts payable

22,430Common stock

152,000Retained earnings

12,240

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