The bookkeeper for Jordans Country Music Bar left this incomplete balance sheet. Jordans working capital is $95,000 and its debt-to-assets ratio is 40 percent.

Required

Complete the balance sheet by supplying the missing amounts.

\begin{tabular}{|c|c|} \hline Cash & 27,000 \\ \hline Accounts receivable & 33,000 \\ \hline \multicolumn{2}{|l|}{ Inventory } \\ \hline Prepaid expenses & 19,000 \\ \hline \multicolumn{2}{|l|}{ Total current assets } \\ \hline \multicolumn{2}{|l|}{ Long-term assets } \\ \hline \multicolumn{2}{|l|}{ Building } \\ \hline Less: Accumulated depreciation & (36,000) \\ \hline Total long-term assets & 222,000 \\ \hline \multicolumn{2}{|l|}{ Total assets } \\ \hline \multicolumn{2}{|l|}{ Liabilities and Stockholders' Equity } \\ \hline \multicolumn{2}{|l|}{ Liabilities } \\ \hline \multicolumn{2}{|l|}{ Current liabilities } \\ \hline \multicolumn{2}{|l|}{ Accounts payable } \\ \hline Notes payable & 7,000 \\ \hline Income tax payable & 9,300 \\ \hline Total current liabilities & 36,200 \\ \hline \multicolumn{2}{|l|}{ Long-term liabilities } \\ \hline \multicolumn{2}{|l|}{ Mortgage payable } \\ \hline \multicolumn{2}{|l|}{ Total liabilities } \\ \hline \multicolumn{2}{|l|}{ Stockholders' equity } \\ \hline Common stock & 101,000 \\ \hline \multicolumn{2}{|l|}{ Retained earnings } \\ \hline \multicolumn{2}{|l|}{ Total stockholders' equity } \\ \hline Total liabilities and stockholders' equity & \\ \hline \end{tabular}