2 Balance sheet as at December 31, 2022 2022 2021 S 6 ! ASSETS Cash $91,800 $62,700 Accounts receivable 9 Inventory Prepaid insurance 21 Equipment 12 Accumulated depreciation 75,800 43,000 142,900 100,350 18,400 26,000 405,000 442,500 (57,000) (65,000) Total assets $676,900 $609,550 15 LIABILITIES AND SHAREHOLDER'S EQUITY Accounts payable $87,000 $91,000 18 Accrued liabilities $11,500 $7,000 $20,400 $7,500 Deferred revenue Bank loan payable $110,000 $150,000 $200,000 $175,000 Common shares $248.000 $179.050 Retained earnings ASUS VivoBook