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The following December 31, 2021, fiscal year-end account balance information is available for the Stonebriefje Corporation Cash and cash equivalents Accounts receivable (net) Inventory Property,
The following December 31, 2021, fiscal year-end account balance information is available for the Stonebriefje Corporation Cash and cash equivalents Accounts receivable (net) Inventory Property, plant, and equipment (net) Accounts payable Salaries payable Paid in capital $ 6,100 31,000 71,000 175.000 50,000 22,000 155,000 The only asset not listed is short-term investments. The only liabilities not listed are $41,000 notes payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end is 15:1. Required: Determine the following at December 31, 2021 1 Total current assets 2 Short-term investments 3 Retained earnings
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