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, $48,900; total assets, $199,400; common stock, $81,000; and retained earnings, $45,448.) CABOT CORPORATION Balance Sheet December 31 of current year Assets Liabilities and Equity Cash $ 16,000 Accounts payable $ 17,500 Short-term investments 9,400 Accrued wages payable 4,400 Accounts receivable, net 32,800 Income taxes pay