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Use the following information from the balance sheet of Raineer Plumbing to determine the missing amounts Cash and cash equivalents Retained earnings Inventory Common stock

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Use the following information from the balance sheet of Raineer Plumbing to determine the missing amounts Cash and cash equivalents Retained earnings Inventory Common stock Total current assets $ 49,eee ? ? 120,000 280,000 Accounts payable Accounts receivable Notes payable (due in 2 years) Property, plant and equipment (net) Total assets $ 41,000 129,800 59,000 2 490,000 Inventory Property, plant, and equipment (net) Retained earnings The trial balance for K and J Nursery, Inc., histed the following account balances at December 31, 2021, the end of its fiscal y $21,000; accounts receivable $16.000; inventory, $30,000 equipment (net), $85,000, accounts payable, $19.000, salaries $7,500 Interest payable, $3,500, notes payable (due in 18 months), $35,000; common stock, $60,000 Prepare a classified balance sheet for K and Nursery, Inc. The equipment originally cost $140,000 (Amounts to be deduct be indicated by a minus sign.) KAND J NURSERY, INC. Balance Sheet At December 31, 2021 Assets Current assets s Cash Accounts receivable Inventory 21,000 16,000 30,000 67,000 Total current assets Property, plant, and equipment Equipment Accumulated depreciation Net property, plant, and equipment 0 Total assets is 67.000 Liabilities and Shareholders' Equity S 19.000 Current liabilities Accounts payable Salaries payable Interest payable 7,500 3,500 30.000 Total current liabilities Long-term liabilities Notes payable 30,000 Total liabilities Shareholders' equity Common stock Retained earnings O @ @ Total shareholders equity Total liabilities and shareholders' equity 30.000

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