Use your knowledge of balance sheets to fill in the missing amount:

ASSETS

Cash $50,000

Accounts receivable 80,000

Inventory 100,000

Total current assets _______

Gross plant and equipment _______

Less: accumulated depreciation 130,000

Net plant and equipment 600,000

Total assets _________

LIABILITIES

Accounts payable $12,000

Notes payabel 50,000

Total current liabilities _________

Long-term debt ___________

Total liabilities _____________

Common stock ($1 par, 100,000 shares) __________

Paid-in capital 250,000

Retained earnings 200,000

Total stockholders' equity ________

Total liabilities and equity