Question: Construct a balance sheet for Galactic Enterprises given the following data: Cash balances $ 35,000 Inventories 40,000 Net plant and equipment 150,000 Accounts receivable 45,000

Construct a balance sheet for Galactic Enterprises given the following data:

Cash balances

$

35,000

Inventories

40,000

Net plant and equipment

150,000

Accounts receivable

45,000

Accounts payable

14,000

Long-term debt

150,000

What is shareholders equity?

Group of answer choices

$150,000

$14,000

$106,000

$270,000

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