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18. Mattix Corporation's balance sheet and income statement appear below Comparative Balance Sheet Ending Balance Beginning Balance Assets Cash and cash equivalents Accounts receivable Inventory

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18. Mattix Corporation's balance sheet and income statement appear below Comparative Balance Sheet Ending Balance Beginning Balance Assets Cash and cash equivalents Accounts receivable Inventory $22 $23 39 43 40 1587 1500 Property, plant and equipment 347 Less accumulated depreciation 359 $333 $259 Total assets Liabilities and stockholders' equity: Accounts payable Accrued liabilities $30 $26 15 18 Income taxes payable 39 40 109 51 89 $333 Bonds payable 120 Common stock 50 Retained earnings Total liabilities and stockholders' equity $259

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