You are internal auditor for Shannon Supplies, Inc., and are reviewing the company's preliminary financial statements. The statements prepared after making the adjusting entries, but before closing entries for the year ended December 31, 2018, are as follows: SHANNON SUPPLIES, INC Balance Sheet December 31, 2018 (s in 000s) Assets Cash inve tments Accounts receivable, net Inventory Property, plant, and equipment Lesss Accumulated depreelation $2,390 245 800 1,050 1,230 ?(570) $5,145 Total asseta Liabilities and Shareholders Equity Accounts payable and accrued expenses Income tax payable Common stock,1 par Additional paid-in capital Retained earnings $3,310 210 190 740 695 $5,145 Total liabilities and shareholders' equity