Presented below, is partial balance sheet information related to Bato Ltd., a United Kingdom company. All financial information has been translated from pounds to dollars.

\section*{Instructions}

(a) Restate the asset side of the balance sheet in accordance with generally accepted accounting principles in the United States.

(b) What is total stockholders' equity?

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Fixed assets Tangible assets Current assets Stocks (inventory) Debtors Investments Cash BATO LTD. Partial Balance Sheet December 31, 1996 (in thousands) $300,000 121,000 $1,200,000 53,000 62,000 536,000 Creditors Amount falling due within one year 110,000 Net current assets Total assets less current liabilities Creditors Amounts falling due after one year Total net assets 426,000 1,626,000 230,000 $1,396,000