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Oriole Company
Balance Sheet
December 31, 2017
Cash
$68500
Accounts payable
$136500
Accounts receivable
96500
Salaries and wages
payable
18900
Inventory
145500
Mortgage
payable
174500
Prepaid insurance
83500
Total
liabilities $329900
Stock Investments (long-term)
200000
Land
198000
Buildings
$220500
Common
stock $259100
Less: Accumulated depreciation
(55000)
165500
Retained earnings
492000
Trademarks
123500
Total stockholders'
equity
$751100
Total assets
$1081000
Total
liabilities and
stockholders' equity
$1081000
$248500
$594000
$329900
$394000
Multiple Choice Question 78
Use the following data to determine the total amount of working capital.
Novak Corp.
Balance Sheet