Question $11$

The following December $31,2024,$ fiscal year$-$end account balance information is available for the XYZ Corporation:

Cash and cash equivalents

$$5\mathrm{.}800$

Accounts receivable $($net$)$

$28,000$

Inventory

$68,000$

Property, plant, and equipment $($net$)$

$160,000$

Accounts payable

$47,000$

Salaries payable

$19,000$

Paid$-$in capital

$140,000$

The only asset not listed is short$-$term investments. The only liabilities not listed are $$38,000$ notes payable due in two years and related accrued interest payable of $$1,000$ due in four months. The current ratio at year$-$end is $1\mathrm{.}6$:$1.$

Required:

Determine the following at December $31,2024$:

Total Current assets:

Short$-$term investment$-$

Retained earnings