Fill in the blanks () with the correct entries.

Llabilities and Stockholders Equity Current liabilities Assets Current assets Cash Accounts receivable 250,000 Accounts payable 620,000 130,000 Notes payable to banks Accrued wages less) allowance for doubtful accounts of $20,000) 1,320,000 Taxes owed 1,410,000 Total current 100,000 Inventory Total current assets Land 1,250,000 iabilities Long-term debt Plant and quipment Stockholders' equity Preferred stock 1,000,000 $2,800,000 less accumulated depreciation Common stock ($1 par, 750,000 shares authorized, 700,000 outstanding) 2,110,000 Total assets $5,390,000 tained earnings Total stockholders $3,140,000 equity Total liabilities and