The Longbranch Western Wear Company has the following financial statements, which are representative of the company's historical average. Income Statement Sales Expenses Earnings before interest and taxes Interest Earnings before taxes Taxes Earnings after taxes $250,000 203,100 $ 46,900 3,400 $ 43,500 11,000 $ 32,500 Dividends $ 9,750 Balance Sheet Assets Liabilities and Shareholders' Equity $7,000 Accounts payable $14,400 24,000 Accrued wages 2,600 Cash Accounts receivable Inventory Current assets Capital assets 29,000 Accrued taxes $60,000 84,000 Current liabilities Notes payable 13,000 $30,000 8,400 Long-term debt 22,000 Common stock 34,000 Retained earnings 49,600 Total assets $144,000 Total liabilities and equity $144,000