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The current asset section of the Excalibur Tire Companys balance sheet consists of cash, marketable securities, accounts receivable, and inventory. The December 31, 2021, balance

The current asset section of the Excalibur Tire Companys balance sheet consists of cash, marketable securities, accounts receivable, and inventory. The December 31, 2021, balance sheet revealed the following: Inventory $ 990,000 Total assets $ 3,500,000 Current ratio 2.10 Acid-test ratio 1.20 Debt to equity ratio 1.8 Required: Determine the following 2021 balance sheet items:

1) Current Assets

2) Shareholder Equity

3) Long-term assets

4) Long-term liabilities

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