The balance sheet of the Blanchet Corporation is as follows:

Blanchet Corporation Balance Sheet At December 31 Assets 2019 2018 Current Cash $60 $10 Short-term investments $10 $20 Accounts receivable $60 $40 Merchandise inventories $108 $120 Prepaid expenses $12 $10 $250 $200 Property, plant, and equipment at carrying amount $170 $180 Total assets $420 $380 Liabilities Current Accounts payable $100 $80 Accrued liabilities $20 $10 $120 $90 Non-current borrowings $50 $30 $170 $120 Stockholders' Equity Common stock (10 shares outstanding) $150 $150 Retained earnings $100 $110 $250 $260 Total liabilities and stockholders' equity $420 $380