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The December 31, Year 4, balance sheet for Burdette Corporation is presented here. These are the only accounts on Burdettes balance sheet. Amounts indicated by question marks (?) can be calculated using the following additional information:

BURDETTE CORPORATION Balance Sheet As of December 31, Year 4
Assets
Cash	$	31,000
Accounts receivable (net)		?
Inventory		?
Property, plant, and equipment (net)		298,000
	$	442,000
Liabilities and Stockholders Equity
Accounts payable (trade)	$	?
Income taxes payable (current)		31,000
Long-term debt		?
Common stock		304,000
Retained earnings		?
	$	?

Additional Information
Current ratio (at year end)	1.8 to 1.0
Total liabilities Total stockholders equity		70	%
Gross margin percentage		40	%
Inventory turnover (Cost of goods sold Ending inventory)		11.6	times
Gross margin for Year 4	$	319,000

Required
a. Compute the balance in trade accounts payable as of December 31, Year 4.
b. Compute the balance in retained earnings as of December 31, Year 4.
c. Compute the balance in the inventory account as of December 31, Year 4. (Assume that the level of inventory did not change from last year.)

Required a. Compute the balance in trade accounts payable as of December b. Compute the balance in retained earnings as of December 31, Ye c. Compute the balance in the inventory account as of December 3 last year.) (For all requirements, negstive amounts should be indicated by a answers to the nearest whole dollor amount.)

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