Selected current year$-$end financial statements of Cabot Corporation follow. $($All sales were on credit; selected balance sheet amounts at December $31$ of the prior year were inventory, $$49,900$; total assets, $$239,400$; common stock, $$89,000$; and retained earnings, $$45,547.$

$\backslash$table$[[,,\backslash$table$[[$CABOT CORPORATION$],[$Balance Sheet$],[$December $31$ of current year$]],],[$Assets$,,$Liabilities and Equity,$],[$Cash$,$$$16,000,$Accounts payable,$$17,500$