A motel has the following comparative balance sheets for 2 years:

From this information, prepare a statement of changes to individual working capital accounts.LO1

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Assets 12-31-07 12-31-08 Current Assets Cash $ 4,100 $ 5,200 Credit card receivables 4,700 5,500 Accounts receivable 1,200 700 Inventory 3,000 3,600 Marketable securities 8,000 7,000 Prepaid expenses 1,200 1,500 Total Current Assets $ 22,200 $ 23,500 Property, Plant & Equipment Land Building Accum. depreciation, building Furniture & equipment Accum. Depreciation, furniture & equipment Total Property, Plant & Equipment Total Assets Liabilities & Stockholders' Equity Current Liabilities $ 30,000 $ 30,000 150,000 150,000 (41,900) 22,700 ( 15,400) $145,400 $167,600 ( 50,200) 25,400 ( 19,100) $136,100 $159,600 Accounts payable $ 6,900 7,000 Accrued expenses payable 1,400 1,700 Income taxes payable 2,000 1,500 Current portion of mortgage payable 11,500 10,400 Total Current Liabilities Long-term Liabilities Long-term mortgage payable Total Liabilities Stockholders' Equity Capital stock, common Retained earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity $ 21,800 $ 20,600 100,000 $121,800 89,600 $110,200 23,000 22.800 $ 45,800 23,000 26,400 $ 49,400 $167,600 $159,600