Assets
Current assets
Cash
$
21,000
$
17,000
Marketable securities
21,000
7,000
Accounts receivable (net)
51,000
43,000
Inventories
136,000
144,000
Prepaid items
25,000
10,000
Total current assets
254,000
221,000
Investments
22,000
15,000
Plant (net)
260,000
245,000
Land
28,000
23,000
Total assets
$
564,000
$
504,000
Liabilities and Stockholders’
Equity
Liabilities
Current liabilities
Notes payable
$
24,600
$
8,300
Accounts payable
58,800
45,000
Salaries payable
25,000
19,000
Total current liabilities
108,400
72,300
Noncurrent liabilities
Bonds payable
140,000
140,000
Other
25,000
20,000...