You are provided with the following information for Sheffield Corp., effective as of its April 30, 2017 year-end, $ 919 985 670 1,445 1,425 1,145 250 410 Accounts payable Accounts receivable Accumulated depreciation equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Income tax expense Income taxes payable Insurance expense Interest expense Inventory Land Mortgage payable Notes payable Prepaid insurance Retained earnings (beginning) Salaries and wages expense Salaries and wages payable Sales revenue Stock investments (short-term) 2,595 250 220 295 485 1.142 3,275 3,675 236 145 1,600 615 307 5,275 1,290 Sheffield Corp. Balance Sheet April 30, 2017 Assets Current Assets $ 1445 Cash 985 Accounts Receivable 1142 Inventory 1290 Stock Investments 145 Prepaid Insurance Total Current Assets Property. Plant and Equipment 3275 Land $ 2595 Equipment 670 1925 Less : Accumulated Depreciation Equipment Total Property. Plant and Equipment Total Assets Tota Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable 919 Income Taxes Payable 220 Salaries and Wages Payable 307 236 Notes Payable Total Current Liabilities Long-Term Liabilities Mortgage Payable Stockholders' Equity 1425 Common Stock 3425 Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity