The Booth Company's sales are forecasted to double from $ 1, 000 in 2015 to $ 2, 000 in 2017 . Here is the December 31 , 2015 , balance sheet ! Cash $ 100 Accounts payable 50 Accounts receivable 200 Notes payable 150 Inventories 200 AccrualS 50 Net Fixed assets 500 Long - term debt 400 Common stock 100 Retained earnings 250 Total assets $ 1000 Total liabilities and Equity