Gross fixed assets $40,000
Cash $48,000
Other assets $5,000
Accumulated depreciation $30,000
Common stock $43,000
Short-term notes payable. $12,000
Accounts payable $65,000
Inventories $122,000
Retained earnings $100,000
Accounts receivable $60,000
Long-term notes payable $10,000
Long-term bonds payable $15,000
Sales $300,000
Cost of goods sold $150,000
Depreciation expense $3,000
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Prepare a balance sheet of using the information given below. Make sure to identify current assets, net fixed assets, total assets, current liabilities, lons-term debt, total equity, and total liabilities and equity. (Not related to question 3)