Question 1 (20 points)

For the below Income Statement and Balance Sheet, unscrable the statements and solve for the missing numbers. Then, match the Available Choices with the Accounts that are missing numbers. Cash________, Inventory 90, Accrued Wages 95, Notes Payable (short-term) 76, Total Assets________, Net Fixed Assets________ , Long-Term Debt 125, Total Liabilities and Owners Equity 500, Retained Earnings________, Common Stock 100, Total Current Assets 210, Total Current Liabilities_________. This format is somewhat confusing as below these comments you see a list of accounts adjacent to a list of numbers. Usually, some of the numbers are correct by sheer chance. Your job is to use all of the numbers with all of the accounts. Match the proper account to the correct number.

Total Current Liabilities 1) 120

Total Assets 2) 290

Cash 3) 500

Retained Earnings 4) 171

Net Fixed Assets 5) 104