The most recent comparative balance sheet of Giacomelli Corporation appears below:

Current assets: Cash and cash equivalents. Accounts receivable.. Inventory. Total current assets Property, plant, and equipment Less accumulated depreciation... Net property, plant, and equipment.. Total assets... Liabilities and EqLity Current liabilities: Accounts payable. Accrued wages and salaries payable Accrued income taxes Notes payable. Total current liabilities... Long-term debt Deferred income taxes . Total liabilities.. _ Stockholders' equity: Common stock Retained earnings _ Total stockholders' equity.. Total liabilities and stockholde' Ending Balance $ 37,000 20,000 70 ooo 127 000 424,000 231 ooo 193,000 $320.000 $ 19,000 36,000 21,000 22.000 98,000 77,000 26.000 201.000 31,000 88 000 119,000 Beginning Balance S 29,000 24,000 68 ooo 121 000 399,000 200 ooo 099.000 $320_ooo s 17,000 33,000 18,000 86,000 80,000 090.000 30,000 100000 130,000 $320,000