December 31, Year 4, balance sheet data for Hestand Company follow. All accounts are represented. Amounts indicated by question marks (?) can be calculated using the following additional information:

Assets
Cash .......................................................................... $ 15,000
Accounts receivable (net) .............................................. ?
Inventory ......................................................................... ?
Property, plant, and equipment (net) ................... 278,000
                                                                                               $ ?
Liabilities and Stockholders’ Equity
Accounts payable (trade) ........................................ $ 26,000
Income taxes payable (current) ................................ 14,000
Long-term debt ................................................................... ?
Common stock ........................................................... 160,000
Retained earnings .............................................................. ?
                                                                                                $ ?
Additional Information
Quick ratio (at year end) ........................................... 1.3 to 1
Working capital ........................................................ $ 42,000
Inventory turnover (cost of goods sold ÷
ending inventory) .................................................... 12 times
Debt-to-equity ratio ....................................................... 80%
Gross margin for Year 4 ......................................... $126,000

Required

Determine the following:

a. The balance in accounts receivable as of December 31, Year 4.

b. The turnover of assets for Year 4.

c. The balance of long-term debt as of December 31, Year 4.

d. The balance in retained earnings as of December, Year 4.