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, $53,900; total assets, $239,400; common stock, $83,000; and retained earnings, $41,536.) CABOT CORPORATION Balance Sheet December 31 Assets Liabilities and Equity Cash $ 18,000 Accounts payable $ 17,500 Short-term investments 9,200 Accrued wages payable 3,200 Accounts receivable, net 33,200 Income taxes payable 2,900 Merch