Use the informtion below to answer questions 1-11:

Cash					$20,000.00
A/R					$70,000.00
Inventory					$100,000.00
A/P(Short Term)					$160,000.00
Bonds Payable (long term debt)					$400,000.00
Common Stock (Outstanding Shares 1,000)					$30,000.00
Retained Earnings					$180,000.00
Fixed Assets					$580,000.00

From the information above, calculate Total Current Assets 1.From the information above, calculate Total Current Liabilities. It may be more helpful to first create a Balance Sheet from the information provided.

2. From the information above, calculate Total Assets. 3.From the information above, calculate Total Owners Equity. 4.From the information above, calculate Total Long Term Liabilities 5.From the information above, calculate Total Liabilities and Owners Equity