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The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. $ 240 60 170 Assets Current assets: Cash Accounts receivable

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The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. $ 240 60 170 Assets Current assets: Cash Accounts receivable (net) Notes receivable Inventory Prepaid expenses Total current assets Equipment (net) 50 80 320 110 200 25 505 255 Liabilities and Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term liabilities Total liabilities Shareholders' equity: Common stock Retained earnings Total shareholders' equity Total liabilities and equity 430 $ 760 $ 760 Total assets Quick assets total: $230 thousand. $305 thousand. $60 thousand. $280 thousand

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