The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation:
Cash and cash equivalents $ 5,300 Accounts receivable (net) 23,000 Inventory 63,000 Property, plant, and equipment (net) 135,000 Accounts payable 42,000 Salaries payable 14,000 Paid-in capital 115,000 The only asset not listed is short-term investments. The only liabilities not listed are $33,000 notes payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end is 1.7:1.
Required:
Determine the following at December 31, 2021:
1.Total current assets
2.short-term investment
3.Retain earnings
