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S 01:43:46 Brief Exercise 3-7 (Algo) Balance sheet preparation; missing Use the following information from the balance sheet of Raineer Plumbing to determine the
S 01:43:46 Brief Exercise 3-7 (Algo) Balance sheet preparation; missing Use the following information from the balance sheet of Raineer Plumbing to determine the missing amounts. Cash and cash equivalents Retained earnings Inventory Common stock Total current assets $ 49,000 2 ? 120,000 280,000 Accounts payable. Accounts receivable Notes payable (due in 2 years) Property, plant and equipment (net) Total assets $ 41,000 129,000 59,000 2 490,000 $ 10,200 Inventory Property, plant, and equipment (net) Retained earnings $ 210,000 270000 I
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