12.7

\fQuestion 7 of 8 2020 2019 Assets Current assets Cash $393,000 $417.450 Accounts receivable, net 1,087,000 776.450 Inventory 750,000 681,000 Other current assets 381,400 247.100 Total current assets 2,611,400 2.122,000 Property, plant, & equipment, net 8,651,695 8.439.865 Total assets $11,263,095 $10.561,865 Liabilities and Stockholders' Equity Current liabilities $3,203,000 $2.846.000 Long-term debt 3,702.650 3,892.650 Total liabilities 6,905.650 6.738,650 Preferred stock. $5 par value 58,950 58.950 Common stock, $0.25 per value 104,650 103.850 Retained earnings 4,193,845 3,660,415 Total stockholders' equity 4,357,445 3,823.215 Total liabilities and stockholders' equity $11,263,095 $10.561,865