| Assets | Liabilities & Owner’s Equity |
|---|---|
| Cash: $1,000,000 | Accounts Payable: $1,200,000 |
| Marketable Securities: $500,000 | Notes Payable: $800,000 |
| Accounts Receivable: $3,000,000 | Total Current Liabilities: $2,000,000 |
| Inventory: $4,000,000 | |
| Total Current Assets: $8,500,000 | Long-Term Debt: $5,435,000 |
| Property, Plant & Equipment: $5,000,000 | Common Stock: $2,000,000 |
| Other Long-Term Assets: $500,000 | Retained Earnings: $4,565,000 |
| Total Equity: $6,565,000 | |
| Total Assets: $14,000,000 | Total Liabilities & Equity: $14,000,000 |
