Cash
$150,000
Accounts Receivables
150,000
Inventories
30,000
Prepaid Taxes and Insurance
10,000
Manufacturing Plant at cost
$600,000
Less depreciation
100,000
Net Fixed Assets
500,000
Goodwill
60,000
Liabilities and Shareholder's Equity:
Notes Payable
50,000
Accounts Payable
100,000
Income Taxes Payable
80,000
Long-term Mortgage Bonds
300,000
Common Stock, $30 par value (5,000 shares)
150,000
Capital Surplus
200,000
Retained Earnings
20,000