2. Cash Flows XYZ Inc.'s Comparative Balance Sheets for 2014 and 2013 and Income Statement for 2014 are presented below. Assets Cash XYZ Inc. Comparative Balance Sheets December 31, 2014 and 2013 Accounts Receivable Short-term Investments (Available-for-Sale) Inventory Prepaid Rent Equipment Accumulated Depreciation-Equipment Copyrights Total Assets 2014 2013 $ 6,000 $7,000 62,000V 51,000 11000 35,000 18,000 40,000 60,000 -2001 5,000 4,000 + 1000 154,000 130,000 (35,000) (25,000) 46,000 50,000 $313,000 $295,000 Liabilities and Stockholders' Equity Accounts Payable $46,000v $ 40,000 Income Taxes Payable 4,000/ Salaries and Wages Payable 8,000 v 6,000- 4,000V - Short-term Loans Payable 8,000V 10,000- Long-term Loans Payable 60,000 69,000 Common Stock, $10 Par 100,000 100,000 Paid-in Capital in Excess of Par 30,000 30,000 Retained Earnings 57,000 v 36,000 Total Liabilities and Stockholders' Equity $313,000 $295,000 +6000 2000 +4000