| Liabilities | Amount ($) |
| Accounts Payable | $2,000,000 |
| Short-Term Debt | $1,000,000 |
| Total Current Liabilities | $3,000,000 |
| Long-Term Debt | 2,500,000 |
| Assets | Amount ($) |
| Cash | 1,500,000 |
| Accounts Receivable | 2,500,000 |
| Inventory | 3,000,000 |
| Total Current Assets | 7,000,000 |
| Property, Plant & Equipment | 4,000,000 |
| Intangible Assets | 1,000,000 |
| Total Assets | 12,000,000 |
| Owner’s Equity | Amount ($) |
| Common Stock | 3,000,000 |
| Retained Earnings | 2,776,000 |
| Total Owner’s Equity | 5,776,000 |
| Total Liabilities & Owner’s Equity | 12,000,000 |