Fill in the blanks () with the correct entries. Llabilities and Stockholders Equity Current liabilities Assets Current

Fill in the blanks () with the correct entries.

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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