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The financial statements for Castile Products, Incorporated, are given below: \table[[\table[[Castile Products, Incorporated],[Balance Sheet],[December...

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Accounting

The financial statements for Castile Products, Incorporated, are given below:
\table[[\table[[Castile Products, Incorporated],[Balance Sheet],[December 31]],],[\table[[Assets],[Current assets:]]],[Cash,],[Accounts receivable, net, )],[Merchandise inventory,\table[[220,000],[370.000]]],[\table[[Prepaid expenses],[Total]],6,000],[\table[[Total current assets],[Property and equipment, net]],614,000],[Total assets, )],[Liabilities and Stockholders' Ec,$1,444,000
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