Assets Cash $23,180 3.1 % Accounts receivable $124,701 % Inventory 27.4 % Total current assets $349,528 % Gross plant and equipment 95.0 % $ Less: accumulated depreciation $313,000 42.5 % Net plant and equipment % $ Total assets $736,528 100.0 % Liabilities Accounts payable 16.0 % $ Notes payable $27,924 3.8 % Total current liabilities % $ Long-term debt $246,235 33.4 % Total liabilities $391,880 % $4,500 0.6 % Common stock ($0.01 par, 450,000 shares) Paid-in capital $224,075 30.4 % Retained earnings % $ Total stockholders' equity $344,648 46.8 % Total liabilities and equity 100.0 % $