1. What is the balaance in total assets?

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2. What is the balance in Liabilities?

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3. What is the balance in stockholders equity?

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Question 1 Refrigerator Inc. set up business on January 1, 2012 Investors bought common stock: 200 shares at $75 per share. A bank loaned Refrigerator Inc. $30,000. Refrigerator bought 10 deluxe refrigerators for $15,000 ($1,500 each). Refrigerator Inc. has offered a 6% sales commission to any student able to sell a refrigerator. On January 2, 2012, Marcella, a part time student, sold three refrigerators for a total of $7,500 ($2,500 for each refrigerator sold). These were the only transactions for the month of January. Record these transactions below and then set up the financial statements on the accompanying page