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Required information Liabilities $ Accounts payable Interest payable Long-term notes payable 12,300 3,000 52,000 Total current liabilities 67,300 Common stock Retained earnings Equity Common stock

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Required information Liabilities $ Accounts payable Interest payable Long-term notes payable 12,300 3,000 52,000 Total current liabilities 67,300 Common stock Retained earnings Equity Common stock Retained earnings Trucks Total equity Total liabilities and equity 50,803 139,500 194,000 384,303 384,303 $

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