Question: Need number 3 please dont answer if you dont know !!! value 175 points The financial statements for Castile Products, Inc., are given below Castile
value 175 points The financial statements for Castile Products, Inc., are given below Castile Products, Inc. Balance Sheet December 31 Assets Current assets: $ 21,000 240,000 380,000 6,000 Cash Accounts receivable, net Merchandise inventony Prepaid expenses Total current assets 647,000 820,000 Property and equipment, net Total assets Liabilities and Stockholders' Equity $1,467,000 Liabilities: 250,000 Current liabilities Bonds payable, 8% 310,000 560,000 $ 110,000 Total liabilities Stockholders' equity: Common stock, $5 par value Retained earnings 797,000 907,000 $1,467,000 Total stockholders' equity Total liabilities and stockholders' equity Castile Products, Inc. my
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