The following information pertains to Sampson Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.

Assets

Cash and short-term investments $ 45,000 Accounts receivable (net) 25,000 Inventory 20,000 Property, plant and equipment 310,000

Total Assets $400,000

Liabilities and Stockholders' Equity

Current liabilities $ 50,000 Long-term liabilities 90,000 Stockholders' equity