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, $$54,900$; total assets, $$199,400$; common stock, $$88,000$; and retained earnings, $$28,386.)$

CABOT CORPORATION

Balance Sheet

$\backslash$table$[[$Assets$,,$Liabilities and Equity,$],[$Cash$,$$$18,000,$Accounts payable,$$18,500$