eBook Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc. are as follows: Cash $800,000 Marketable securities Accounts and notes receivable (net) Inventories 550,000 850,000 700,000 300,000 1,200,000 Prepaid expenses Accounts payable Notes payable (short-term) Accrued expenses Required: 700,000 100,000