The following information pertains to Newman Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Cash and short-term investments Accounts receivable (net) Inventory Property, plant and equipment Total Assets Assets Liabilities and Stockholders' Equity $40,000 30,000 25,000 215,000 $310,000 Current liabilities $60,000 Long-term liabilities 95,000 Common stock 80,000 Retained earnings 75,000 Total liabilities and stockholders' equity $310,000 C