Star Videos, Inc., produces short musical videos for sale to retail outlets. The company's balance sheet accounts as of January 1 are given below. Assets Cash Accounts receivable Star Videos, Inc. Balance Sheet January 1 $ 82,600 104,400 Inventories: Raw materials (film, costumes) Videos in process Finished videos awaiting sale Prepaid insurance Studio and equipment (net) Total assets Liabilities and Stockholders' Equity Accounts payable Retained earnings Total liabilities and stockholders' equity $47,600 49,600 06, 200 193,400 10,900 534,000 $925,800 $ 162,000 763,300 $925,300