Table 5E-O'Brien Corporation Balance Sheet, End-of-last-year (thousands of $) Current assets Cash Current liabilities $ 100 Accounts payable $ 350 Accounts receivable 300 Notes payable 100 Inventory 250 Accrued payables 100 Total current assets 650 Total current liabilities 550 Fixed assets (net) 1,000 Long-term debt 300 Common stock 200 Retained earnings 600 Total Assets $1.650 Total Liab. + equity $1.650