c. Evaluate your findings.

Assets Cash and cash equivalents $ 140,000 $ 31,000 Accounts receivable 346,000 528,000 Inventories 432,000 683,000 Current assets $ 918,000 $1,242,000 Net fixed assets 1,113,000 1,398,000 Total $2,031,000 -$2,640,000 Liabilities and equity Accounts payable $ 413,000 $ 627,000 Accruals 226,000 314,000 Bank borrowings 100,000 235,000 Current liabilities $ 739,000 $1,176,000 Common stock 100,000 100,000 Retained earnings 1,192,000 1364,000 Total $2,031,000 $2,640,000 Note: Deprccintion was $189,000 for 20x2 and no d~vldendsw ere paid.