Use your knowledge of balance sheets to fill in the missing amounts:
Assets
Cash.......................................................................$50,000
Accounts receivable..............................................80,000
Inventory..............................................................100,000
Total current assets............................................–––––––
Gross plant and equipment...............................–––––––
Less: accumulated depreciation........................130,000
Net plant and equipment...................................600,000
Total assets...........................................................–––––––

Liabilities
Accounts payable.................................................$12,000
Notes payable.........................................................50,000
Total current liabilities.......................................––––––––
Long-term debt...................................................––––––––

Total liabilities.....................................................––––––––
Common stock ($1 par, 100,000 shares).........––––––––
Paid-in capital.......................................................250,000
Retained earnings................................................200,000
Total stockholders’ equity.................................––––––––
Total liabilities and equity................................$830,000