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The bookkeeper for Solomon's Country Music Bar left this incomplete balance sheet. Solomon's working capital is $105,000 and its debt to assets ratio is 40

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The bookkeeper for Solomon's Country Music Bar left this incomplete balance sheet. Solomon's working capital is $105,000 and its debt to assets ratio is 40 percent. Required Complete the balance sheet by supplying the missing amounts. Assets Current assets $ 25,000 Cash Accounts receivable Inventory Prepaid expenses 34,000 2,000 Total current assets Long-term assets Building Less: Accumulated depreciation (31,000) 227,000 Total long-term assets Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Notes payable Income tax pavable 9,000 10,500 Liabilities Current liabilities Accounts payable Notes payable Income tax payable 9,000 10,500 36,200 Total current liabilities Long-term liabilities Mortgage payable Total liabilities Stockholders' equity Common stock 95,000 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity

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