The December 31, 2015, balance sheet for Satine Corporation is presented here. These are the only accounts on Satines balance sheet. Amounts indicated by question marks (?) can be calculated using the following additional information.

SATINE CORPORATION Balance Sheet
As of December 31, 2015
Assets
Cash	$	40,000
Accounts receivable (net)		?
Inventory		?
Property, plant, and equipment (net)		306,000
	$	444,000
Liabilities and Stockholders Equity
Accounts payable (trade)	$	?
Income taxes payable (current)		40,000
Long-term debt		?
Common stock		312,000
Retained earnings		?
	$	?

Additional Information

Current ratio (at year end)		1.5	to 1.0
Total liabilities Total stockholders equity		60	%
Gross margin percent		30	%
Inventory turnover (Cost of goods sold Ending inventory)		10.4	times
Gross margin for 2015	$	390,000

Required

a.	Determine the balance in trade accounts payable as of December 31, 2015. (Negative amount should be indicated by a minus sign.)

b.	Determine the balance in retained earnings as of December 31, 2015. (Negative amount should be indicated by a minus sign.)

c.	Determine the balance in the inventory account as of December 31, 2015. (Assume that the level of inventory did not change from last year.) (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round final answer to the nearest whole dollar amount.)