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	$	940,000
Total assets	$	3,200,000
Current ratio		2.20
Acid-test ratio		1.20
Debt to equity ratio		1.5

Required: Determine the following 2021 balance sheet items:

1.Current assets

2.Shareholders' equity

3.Long-term assets

4.Long-term liabilities