The balance sheet of supplies, a distributor of photographic supplies, as of May 31 is given below: Snapshot, Inc. Balance Sheet May 31 Assets 10,000 Cash 86,000 Accounts receivable 36,000 Inventory 640,000 Buildings and equipment, net of depreciation Total assets 772,000 Liabilities and Stockholders' Equity 103,000 Accounts payable 29,000 Note payable 560,000 Capital stock 80,000 Retained earnings 772,000 Total liabilities and stockholders' equity