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The following December 31, 2021, fiscal year-end account balance information is available for the Stone Corporation: Cash and cash equivalents $ 6,200 Accounts receivable (net)

The following December 31, 2021, fiscal year-end account balance information is available for the Stone Corporation:

Cash and cash equivalents

$

6,200

Accounts receivable (net)

32,000

Inventory

72,000

Property, plant, and equipment (net)

180,000

Accounts payable

51,000

Salaries payable

23,000

Paid-in capital

160,000

The only asset not listed is short-term investments. The only liabilities not listed are $42,000 notes payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end is 1.5:1. Required: Determine the following at December 31, 2021:

1.

Total current assets

2.

Short-term investments

3.

Retained earnings

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