The following items are components of a traditional balance sheet How much are the total assets of the firm Plant and equipment $43,200 Common stock 15,000 Cash 7,400 Inventory 24,800 Bad debt reserve 6,000 add paid in capital 6,000 Accumulated depreciation 25,700 Accounts receivable 22,000

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The following items are components of a traditional balance sheet. How much are the total assets of the firm? Plant and equipment $43,200 Common stock

The following items are components of a traditional balance sheet. How much are the total assets of the firm?

Plant and equipment	$43,200
Common stock	15,000
Cash	7,400
Inventory	24,800
Bad debt reserve	6,000
add paid in capital	6,000
Accumulated depreciation	25,700
Accounts receivable	22,000

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