Total $110 $140 Sacoxocx $750 Accounts payable Notes payable Totol Cuinrent Liabilities Total Liabilitles Common Stock (50,000,000 shares) $130 $810 Retained earnings Total liabilieies and stockholders" equity Using the previous information, Morgan Company's current assets are. ...., its current liabiliti are.. and its total liabilities and stockholders' equity are.. a. $1,000, $310 and $2,000 respectively. b $2,000; $1,060 and $2,000 respectively. c$1,000: $750 and $1,060 respectively none of the above. 4. Which one of the following is a current liability? a) account receivable mortgage payable over thirty years c) account payable (due in 12 months) d) inventory e) retained earnings 5. A firm' of $320, and owners' equity of $590. What is the value of the firm's current liabilities A) $35 8) $165 C) $185 D) $225 s balance sheet shows current assets of $410, net fixed assets of $685, long E) $825 6. Which one of the following is a long-term liability? A) Deferred taxes greater than 12 months