The bookkeeper for Packards Country Music Bar left this incomplete balance sheet. Packards working capital is $90,000 and its debt to assets ratio is 40 percent.

Required Complete the balance sheet by supplying the missing amounts

The bookkeeper for Packard's Country Music Bar left this incomplete balance sheet. Packard's working capital is $90,000 and its debt to assets ratio is 40 percent. Required Complete the balance sheet by supplying the missing amounts Assets Current assets Cash Accounts receivable Inventory Prepaid expenses $ 21,000 42,000 9,000 Total current assets Long-term assets Building Less: Accumulated depreciation (39,000) 210,000 Total long-term assets Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Notes payable Income tax payable 12,000 10,500 37,500 Total current liabilities Long-term liabilities Mortgage payable Total liabilities Stockholders' equity Common stock 105,000 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity