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 Dividends $400,000 336,900 $ 63,100 3,100 $ 60,000 20,000 $ 40,000 $ 18,000 12 Balance Sheet Assets Liabilities and Shareholders' Equity Cash $5,000 Accounts payable $11,100 Accounts receivable 21,000 Accrued wages 2,300 Inventory 26,000 Accrued taxes 10,600 Current assets $52,000 Current liabilities. Capital assets 81,000 Notes payable $24,000 8,100 Long-term debt 20,500 Common stock 31,000 Retained earnings 49,400 Total assets $133,000 Total liabilities and equity $133,000