The December 31, 2013, balance sheet of Copepper's Inc. and additional information follow. These are the only accounts on Copepper's balance sheet. Amounts indicated by a question mark (?) can be calculated from the additional information given.

Additional information follows:
Current ratio (at year-end) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . 1.5 to 1
Total liabilities divided by total stockholders' equity . . . . . . . . . . . ....... . . . . . . . . . . 0.8
Inventory turnover based on sales and ending inventory . . . . . . . . . . . . .... . . . . 15 times
Inventory turnover based on cost of goods sold and ending inventory . . . . . . . 10.5 times
Gross margin for 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $315,000
1. What was Copepper's December 31, 2013, balance in Accounts Payable?
2. What was Copepper's December 31, 2013, balance in Retained Earnings?
3. What was Copepper's December 31, 2013, balance in Inventory?

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Assets Liabilities and Stockholders' Equity $ asi . .---.. . Accounts receivable (net). Inventory Property, plant, and i,000 - Income taxes payable (current) . . Long-term debt equipment (net). 2 $432,000 2