Question: 3 Brief Exercise 3-7 (Algo) Balance sheet preparation; missing elements (LO3-2, 3-3] Use the following information from the balance sheet of Raineer Plumbing to determine

3 Brief Exercise 3-7 (Algo) Balance sheet preparation; missing elements (LO3-2, 3-3] Use the following information from the balance sheet of Raineer Plumbing to determine the missing amounts. 1.2 points eBook Cash and cash equivalents Retained earnings Inventory Common stock Total current assets $ 54,000 ? ? 170,000 305,000 Accounts payable Accounts receivable Notes payable (due in 2 years) Property, plant and equipment (net) Total assets $ 46,000 134,000 64,000 ? 540,000 Print References Inventory Property, plant, and equipment (net) Retained earnings
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