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Unformatted text preview: NONE Property, Plant and Equipment Equipment $23,050 Less: Accumulated Depreciation 6,600 16,450 16,450 Total Assets $42,935 Liabilities and Stockholders Equity Current liabilities Accounts payable $2,400 Income taxes payable 300 Interest payable 175 Total current liabilities $2,875 Long-term liabilities LT Notes payable $5,700 Total long-term liabilities $5,700 Total liabilities $8,575 Stockholders equity Common stock $20,000 Retained Earnings 13,960 Total stockholders equity 33,960 Total liabilities and stockholders equity $33,960...
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