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 ($ in 000s) Assets Cash Investments Accounts receivable, net Inventory Property, plant, and equipment Less: Accunulated depreciation $2,410 260 820 1,070 1,250 (550) Total assets $5,260 Liabilities and Shareholders Equity Accounts payable and acerued expenses Income tax payable Conmon stock, $1 par Additional paid-in capital Retained earnings $3,330 230 210 760 730 Total liabilities and shareholders' equity $5,260