Inventory |
70,000 |
Mortgage |
||
payable |
90,000 |
|||
Prepaid insurance |
40,000 |
Total |
||
liabilities |
$ 165,000 |
|||
Stock investments |
80,000 |
|||
Land 95,000 |
||||
Buildings |
$ 100,000 |
Common |
||
stock |
$ 120,000 |
|||
Less: Accumulated |
Retained |
|||
earnings |
250,000 |
|||
depreciation |
( 30,000) |
85,000 |
Total stockholders‘ |
|
equity |
$ 370,000 |
|||
Trademarks |
70,000 |
Total liabilities |
||
and Total assets |
$ 535,000 |
stockholders‘ |
||
equity |
$ 535 |
|||