View Policies Current Attempt in Progress XYZ provided the following financial information: XYZ Balance Sheet As of 12/31/19 Assets: Liabilities and Equity: Cash and marketable securities $28,552 Accounts payable and accruals $153,314 Accounts receivable $143,718 Short-term notes payable $22,546 Inventory $214,172 Total current liabilities $175,860 Total current assets $386,442 Long term debt $155,510 Net plant and equipment $600,856 Total liabilities $331,370 Goodwill and other assets $42,422 Common stock $312,921 Retained earnings $385,429 Total assets $1,029,720 Total liabilities and equity $1,029,720 In addition, it was reported that the firm had a net income of: $156,306 and net sales of: $4,254,621