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Comparative Balance Sheets For 2007 and 2008 Year-End 2019 Year-End 2020 $ 70,000 $100,000 300,000 350,000 410,000 430,000 50.000 30.000 830,000 910,000 80,000 70,000 2,000,000 2,400,000 1.000.000 1.150.000 1.000.000 1.250.000 $1910.000 $2.230.000 Assets Current assets: Cash.... Accounts receivable (net) Inventory Prepaid expenses. Total current assets Investments (long-term securities). Plant and equipment...... Less: Accumulated depreciation Net plant and equipment. Total assets. Liabilities and Stockholders' Equity Current liabilities: Accounts payable Notes payable.. Accrued expenses. Total current liabilities Long-term liabilities: Bonds payable, 2008 Total liabilities Stockholders' equity Preferred stock, $100 par value Common stock, $1 par value Capital paid in excess of par. Retained earnings. Total stockholders' equity. Total liabilities and stockholders' equity. $ 250,000 $440,000 400,000 400,000 70.000 50.000 720,000 890,000 70,000 120,000 790,000 1,010,000 90,000 90,000 120,000 120,000 410,000 410,000 500.000 600.000 1,120,000 1,220,000 $1.910.000 $2.230.000 Comparative Balance Sheets For 2007 and 2008 Year-End 2019 Year-End 2020 $ 70,000 $100,000 300,000 350,000 410,000 430,000 50.000 30.000 830,000 910,000 80,000 70,000 2,000,000 2,400,000 1.000.000 1.150.000 1.000.000 1.250.000 $1910.000 $2.230.000 Assets Current assets: Cash.... Accounts receivable (net) Inventory Prepaid expenses. Total current assets Investments (long-term securities). Plant and equipment...... Less: Accumulated depreciation Net plant and equipment. Total assets. Liabilities and Stockholders' Equity Current liabilities: Accounts payable Notes payable.. Accrued expenses. Total current liabilities Long-term liabilities: Bonds payable, 2008 Total liabilities Stockholders' equity Preferred stock, $100 par value Common stock, $1 par value Capital paid in excess of par. Retained earnings. Total stockholders' equity. Total liabilities and stockholders' equity. $ 250,000 $440,000 400,000 400,000 70.000 50.000 720,000 890,000 70,000 120,000 790,000 1,010,000 90,000 90,000 120,000 120,000 410,000 410,000 500.000 600.000 1,120,000 1,220,000 $1.910.000 $2.230.000

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