The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet Assets Current assets: 5 20,000 230,000 380,000 11,000 Merchandise inventory Prepaid expenses Total current assets Property and equipment, net 841,000 840,000 Total assets $1,481,000 Liabilities and Stockholders' Equity Liabilities Current liabilities Bonds payable, 116 5 230,000 400,000 30,000 5 160,000 Total liabilities Stockholders' equity: Common stock, $10 par value Retained earnings 891,000 851,000 $1,481,000 Total stockholders' equity Total liabilities and equity