The following December 31, 2018, fiscal year-end account balance information is available for the Stonebridge Corporation:

Cash and cash equivalents....................................................... $ 5,000

Accounts receivable (net) ......................................................... 20,000

Inventories................................................................................... 60,000

Property, plant, and equipment (net) .................................... 120,000

Accounts payable...................................................................... 44,000

Wages payable ...........................................................................15,000

Paid-in-capital ...........................................................................100,000

The only asset not listed is short-term investments. The only liabilities not listed are a $30,000 note payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end is 1.5:1.

Required:

Determine the following at December 31, 2018:

1. Total current assets

2. Short-term investments

3. Retained earnings