QUESTION 8 Use the following information from Varghese Company's balance sheet to answer the question below: Assets Cash Marketable Securities Accounts Receivable Inventory Property and Equipment Accumulated Depreciation $ 6,000 3,200 5,200 14,400 68,000 (5,000) $91,800 Total Assets Liabilities and Stockholders' Equity Accounts Payable Notes Payable (current) Mortgage Payable (long-term) Bonds Payable (long-term) Common Stock, $50 Par Paid-in Capital in Excess of Par Retained Earnings Total Liab. and Stockholders' Equity $ 3,400 1,400 1,800 28,600 24.000 11,600 21,000 $91,800 QUESTION 8 Use the following information from Varghese Company's balance sheet to answer the question below: Assets Cash Marketable Securities Accounts Receivable Inventory Property and Equipment Accumulated Depreciation $ 6,000 3,200 5,200 14,400 68,000 (5,000) $91,800 Total Assets Liabilities and Stockholders' Equity Accounts Payable Notes Payable (current) Mortgage Payable (long-term) Bonds Payable (long-term) Common Stock, $50 Par Paid-in Capital in Excess of Par Retained Earnings Total Liab. and Stockholders' Equity $ 3,400 1,400 1,800 28,600 24.000 11,600 21,000 $91,800