Checked Balance Sheet Test 21...

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Checked		Balance Sheet
Test 21
Hats Inc. owes supplier Sandy this much for straw:			4,630
Customer Chuck owes this much for hats he bought:			710

Hat's Inc. owes this much on a short-term bank loan:			1,260
Hat's Inc. owes this much of long-term debt:			7,300


Hat's Inc. has this much in its checking account:			4,130

Hat's Inc. has the following items on its shelves, which it will sell:

	Number	Historical Cost
Blue item	400	41
Red item	700	26


Hat's Inc. also has the following items which it won't sell:

	Historical	Accumulated
	Cost	Deprecation
Computer	620	320


Please answer the following question:
2. What is the Net Worth (Stockholder's Equity) of Hat's Inc.?
A Between 8,000 and 15,000
B Between 15,000 and 20,000
C Between 20,000 and 25,000
D Between 25,000 and 32,000

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