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find the differences in the accounts Balance Sheets December 31, 2013 and December 13, 2014 Assets 2013 2014 Difference in the accounts
Franklin Company
Comparative Balance Sheets
December 31, 2013 and December 13, 2014
Assets	2013	2014	Difference
Cash	109,440	378,240	268,800
Accounts Receivable	301,720	409,720	108,000
Inventory	541,560	451,560	(90,000)
Prepaid Expenses	90,000	-	(90,000)
Land	-	100,000	100,000
Building	-	548,000	548,000
Accumulated Depr - Building	-	(60,000)	(60,000)
Equipment	136,000	132,000	(4,000)
Accumulated Depr - Equipment	(96,000)	(58,000)	38,000
Patents	24,000	16,000	(8,000)
Total Assets	1,106,720	1,917,520	810,800
Liabilities & Stockholders Equity
Accounts Payable	137,000	43,000	(94,000)
Notes Payable (Current)	-	40,000	40,000
Accrued Liabilities	59,200	-	(59,200)
Mortgage Payable	-	648,000	648,000
Common Stock $10 par value	600,000	720,000	120,000
Additional paid in capital	148,800	228,800	80,000
Retained Earnings	161,720	237,720	76,000
Total Liabilities & S/E	1,106,720	1,917,520	810,800
Additional information:
1. Net income $112,000
2. Building depreciation $60,000
3. Equipment depreciation $12,000
4. Sold equipment that cost $54,000 with accumulated depreciation of $50,000 at a gain of $21,200
5. Equipment purchases $50,000
6. Patent amortization $12,000
7.Purchased a patent $4,000
8. Issued a note payable $100,000
9. Repaid a note in the amount of $60,000
10. Land and building purchased with a mortgage $648,000
11. 6,000 shares of common stock were issued for a total of $200,000
12. Paid dividends of $36,000

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