Gadgets and Widgets INC Balance Sheet Current Assets Cash 12000 30000 10000 55000 100000 Accounts Receivable 35000 28000 25000 20000 15000 Inventory 91000 102000 150000 100000 80000 Raw Material 15000 17000 13000 10000 10000 Work-In-Progress 12000 Finished Goods 40000 50000 75000 49000 25000 Total Current Assets 201000 233000 278000 243000 242000 Fixed Assets Land 21000 Plant 355500 350500 330000 330000 380000 Equipment 250000 240000 250000 284500 300000 Total Fixed Assets 605500 590500 580000 614500 701000 Total Assets: 806500 823500 858000 857500 943000 Current Liabilities Accounts Payable 17000 19000 21000 25000 30000 Salaries Payable 10000 10000 Taxes Payable Short-term Loans Total Liabilites 25000 28000 30500 41500 53000 Long Term Debt Term Loans 100000 100000 147500 100000 100000 Bond Issues SBA Loans 115000 112000 100000 100000 100000 Total Long-term Debt 215000 212000 247500 200000 200000 Net Worth Preferred Stock Common Stock 300000 300000 300000 300000 300000 Retained Earnings 266500 283500 280000 316000 390000 Total Net Worth 566500 583500 580000 616000 690000 Liabilites + Equity 806500 823500 858000 857500 943000