Supreme Videos, Incorporated, produces short musical videos for sale to retail outlets. The companys balance sheet accounts as of January 1 are given below. Supreme Videos, Incorporated Balance Sheet January 1 Assets Current assets: Cash $ 63,000 Accounts receivable 102,000 Inventories: Raw materials (film, costumes) $ 30,000 Videos in process 45,000 Finished videos awaiting sale 81,000 156,000 Prepaid insurance 9,000 Total current assets 330,000 Studio and equipment 730,000 Less accumulated depreciation 210,000 520,000 Total assets $ 850,000 Liabilities and Stockholders' Equity Accounts payable $ 160,000 Capital stock $ 420,000 Retained earnings 270,000 690,000 Total liabilities and stockholders' equity $ 850,000 Beca