1. Presented below are the financial statements of Mega Tech Inc.

Mega Tech Inc. Comparative Balance Sheets April 30

Full Marks:30

Assets	2021	2020
Current Assets
Cash	$67000	$42980
Short Term Investments	29500	22500
Accounts Receivable	56900	47500
Inventory	102,300	90650
Long Term Assets
Long term Investments	97,000	103000
Equipment	198,000	215000
Accumulated depreciation-equipment	(50000)	(48000)
Total	$500,700	$473,630
Current Liabilities
Accounts Payable	$85,300	$55400
Accrued Expenses payable	26700	15000
Long Term Liabilities

Bonds Payable	98,000	80,000
Stockholders Equity
Common Stock	125,000	165500
Retained Earnings	165,700	157,730
Total	$500,700	$473,630