The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Cash and short-term investments Accounts receivable (net) Inventory $ 30,000 20,000 15,000 Property, plant, and equipment 185.000 Total assets Liabilities and Stockholders' Equity $250,000 Current liabilities $ 45,000 Long-term liabilities 70,000 Common stock 80,000 Retained earnings 55.000 Total liabilities and stockholders' equity $250,000 Sales Cost of goods sold Gross margin Income Statement $85,000 45,000 $40,000 (15,000)