Question 6,7,8.

cises Saved ck my work mode : This shows what is correct or incorrect for the work The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash Accounts receivable, net Merchandise inventory Prepaid expenses Total current assets Property and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 98 Total liabilities Stockholders' equity: Common stock, $5 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 23,000 170,000 380,000 7,000 580,000 830,000 $1,410,000 230,000 340,000 570,000 $ 190,000 650,000 840,000 $1,410,000