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The bookkeeper for Rooneys Country Music Bar left this incomplete balance sheet. Rooneys working capital is $96,000 and its debt to assets ratio is 30

The bookkeeper for Rooney’s Country Music Bar left this incomplete balance sheet. Rooney’s working capital is $96,000 and its debt to assets ratio is 30 percent.

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Complete the balance sheet by supplying the missing amounts.

Required Complete the balance sheet by supplying the missing amounts. Assets Current assets Cash 2$ 26,000 Accounts receivable 42,000 Inventory Prepaid expenses 19,000 Total current assets Long-term assets Building Less: Accumulated depreciation (40,000) Total long-term assets 214,000 Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Notes payable 6,000 Income tax payable 10,200 Total current liabilities 37,100 Long-term liabilities Mortgage payable Total liabilities Stockholders' equity Common stock 91,000 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity

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