Gadgets and Widgets INC Balance Sheet Current Assets Current Liabilities Cash 100000 Accounts Payable Accounts Receivable 15000 Salaries Payable Inventory 80000 Taxes Payable Raw Material 10000 Short term Loans Payable Work in progress 12000 Finished Goods 25000 Total Current Liabilities Total Current Assets 242000 Long-Term Debt Term Loans Fixed Assets Bond Issues Land SBA Loans Plant Equipment Total Long-Term Debt Total Fixed Assets Net Worth Preferred Stock Common Stock Retained Earnings Total Net Worth Total Assets: Total Liability and Equity