Reference no: EM132462744

Question Problem 1:

Accounts payable                         $65,000,

Accounts receivable                      $44,000,

Accounts receivable                               $100,000,

Cash                                           $50,000,

Dividends                                     $10,000,

Goodwill                                      $47,000,

Interest expense                            $4,000,

Interest payable                             $2,000,

Inventory                                      $23,000,

Notes payable                                 $80,000,

Prepaid expenses                               $5,000,

Property, plant & equipment               $123,000,

Retained earnings                               $46,000,

Rent expense                                      $18,000,

Revenues                                           $101,000, and

Salary expense                                      $60,000.

Question 1: How much are total assets?