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Tamarisk, Inc.Balance SheetDecember 31, 2017Cash$72500Accounts payable$139000Accounts receivable87000Salaries and wages payable11500Inventory139000Mortgage payable175000Prepaid insurance75000Total liabilities$325500Stock Investments194500Land188500Buildings$207500Common stock$198000Less: Accumulated depreciation(69000)138500Retained earnings498000Trademarks126500Total stockholders' equity$696000Total assets$1021500Total liabilities andstockholders' equity$1021500 $373500

Tamarisk, Inc.Balance SheetDecember 31, 2017Cash$72500Accounts payable$139000Accounts receivable87000Salaries and wages payable11500Inventory139000Mortgage payable175000Prepaid insurance75000Total liabilities$325500Stock Investments194500Land188500Buildings$207500Common stock$198000Less: Accumulated depreciation(69000)138500Retained earnings498000Trademarks126500Total stockholders' equity$696000Total assets$1021500Total liabilities andstockholders' equity$1021500

$373500

$234500

$568000

$325500

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