The following accounts appeared on the trail balance of Blossom Company at December 31, 2020. Notes Payable (short-term)
Accumulated Depreciation - Bldg. $195,000
Supplies 840,000
Salaries and Wages Payable 39,000
Debt Investments (long-term) 31,000
Cash 200,000
Bonds Payable Due 1/1/2028 100,000
Allowance for Doubtful Accts. 1,000,000
Copyrights Notes Receivable (due in 6 months) 7,800
Income Taxes Payable 195,000
Preferred Stock 140,000
Appropriated Retained Earnings 155,000
Accounts Receivable $560,000
Prepaid Insurance 52,000
Common Stock 1,125,000
Unappropriated Retained Earnings 250,000
Inventory 1,480,250
Land 500,000
Trading Securities 78,000
Interest Payable 5,500
Buildings 1,600,000
Accounts Payable 450,000
Additional Paid-in Capital 130,000
Compute the following
1. Total current assets
2. Total property, plant, and equipment
3. Total assets
4. Total current liabilities
5. Total stockholders' equity