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The bookkeeper for Benson's Country Music Bar left this incomplete balance sheet. Benson's working capital is $105,000 and its debt to assets ratio...

The bookkeeper for Benson's Country Music Bar left this incomplete balance sheet. Benson's working capital is $105,000 and its debt to assets ratio is 30 percent.


Required

Complete the balance sheet by supplying the missing amounts.


Assets

Current assets

Cash $25,000

Accounts receivable 35,000

Inventory

Prepaid expenses 12,000

Total current assets

Long-term assets

Building

Less: Accumulated depreciation(49,000)

Total long-term assets 226,000

Total assets

Liabilities and Stockholders' Equity

Liabilities

Current liabilities

Accounts payable

Notes payable 6,000

Income tax payable 10,000

Total current liabilities 36,900

Long-term liabilities

Mortgage payable

Total liabilities

Stockholders' equity

Common stock 101,000

Retained earnings

Total stockholders' equity

Total liabilities and stockholders' equity

Please provide the amounts for the bolded items please.

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