Balance Sheet Jack and Jill Corporation's year-end 2009 balance sheet lists current assets of $246,000, fixed assets of $796,000, current liabilities of $193,000, and long-term debt of $296,000. What is Jack and Jill's total stockholders' equity?
There is not enough information to calculate total stockholder's equity.
$489,000
$1,042,000
$553,000