The Howe Computer Company has growth rapidly during the past 5 years. Recently, its commercial bank urged the company to consider increasing its permanent financing. Its bank loan under a line of credit has risen to $170,000, carrying a 12% interest rate, and Howe has been 30 to 60 days late in paying trade creditors.

Discussions with an investment banker have resulted in the decision to raise $220,000, at this time. Investment bankers have assured Howe that the following alternatives are feasible (flotation costs will be ignored):

Alternative 1: Sell common stock at $10 per share.

Alternative 2: Sell convertible bonds at a 12% coupon, convertible into 90 shares of common stock for each $1000 bond (i.e., the conversion price is $11.11 per share).

Alternative 3: Sell debentures with a 12% coupon; each $1000 bond will have 90 warrants to buy 1 share of common stock at $11.11.

Keith Howe, the president, owns 80% of Howe's common stock and wants to maintain control of the company; 55,000 shares are outstanding. The following are summaries of Howe's latest financial statements:

Balance sheet
		Current liabilities	$225,000
		Common stock, $1 par	55,000
		Retained earnings	$30,000
Total assets	$310,000	Total liabilities and equity	$310,000
Income Statement
Sales			$510,000
All costs except Interest			448,800
EBIT			$61,200
Interest			$18,000
EBT			$43,200
Taxes			$17,280
Net income			$25,920
Shares outstanding			55,000
Earnings per share			$0.47
Price/earnings ratio			15
Market price of stock			$7.07

Show the new balance sheet under each alternative. For alternative 2 and 3, show the balance sheet after conversion of the debentures or exercise of the warrants. Assume that $170,000, of the funds raised will be used to pay off the bank loan and the rest used to increase total assets. Round your answers to the nearest dollar.

Total assets for Alternative 1	$
Total assets for Alternative 2	$
Total assets for Alternative 3	$