Exercise 3 Examine the balance sheet for ABC Computers, Inc. (a fictitious company), shown below List the accounts you believe have a subsidiary ledger to back them up. For each item you name, explain why the account requires a subsidiary ledger, and what information would be given for each entry in this subsidiary ledger Assets Current assets Cash Marketable securities Accounts receivable, net Inventories Other current assets $ 4,743 774 3,976 1,423 1416 12,332 2,698 3,144 475 S18642 Total current assets Property and equipment, net Investments Other Total Assets Liabilities and Stockholders' Equity Current liabilities 7,075 2.698 9,773 1,784 878 12,435 Accounts payable Accrued and other Total current liabilities Long-term debt Deferred revenue on warranty contracts Total liabilities Stockholders' equitv: Common stock Retained earnings Total stockholders' equity 2,496 3.718 6,214 S18.642 Total Liabilities and Stockholders' Equity