The bookkeeper for Lowell's Country Music Bar went insane and left this incomplete balance sheet. Lowell's working capital is $90,000 and its debt to assets ratio is 40 percent.

Required
Complete the balance sheet by supplying the missingamounts.

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Assets Current assets Cash Accounts receivable Inventory Prepaid items 21,000 42,000 9,000 Total current assets Long-term assets Building Less: Accumulated depreciation (39,000) 210,000 S (D) Total long-term assets Total assets Liabilities and Stockholders Equity Liabilities Current liabilities Accounts payable Notes payable Income tax pavable S (E) 12,000 10,500 37,500 Total current liabilities Long-term liabilities Mortgage payable Total liabilities Stockholders' equity Common stock Retained earnings 105,000 Total stockholders' equity Total liabilities and stockholders' equity S (J)