Use your knowledge of balance sheets to fill in the amounts missing in the text.

Cash	$10,000		Accounts payable	$12,000
Accounts receivable	100,000		Notes payable	50,000
Inventory			Total current liabilities
Total current assets	$220,000		Long term debt
Gross P&E	500,000		Total liabilities	$190,000
Less accumulated depreciation			Common stock	100,000
Net P&E	$375,000		Paid in capital
Total assets			Retained earnings	150,000
			Total stockholder's equity
			Total liabilities and equity