2021 Cash...... $12,000 Accounts receivable.. 8,000 Inventory..... Assets Comparative Balance Sheet Dec. 31, 2022 Dec. 31. $54,000 6,000 11,000 7,000 Prepaid expenses... 2,000 3,000 Equipment 20,000 20,000 Accumulated depreciation Equipment ..... (3.000) (2.000) Total assets.. $90,000 $48.000 Liabilities and Stockholders' Equity Accounts payable....... $ 1,000 4,000 Long-term note payable.. 13,000 14,000 Common stock... 33,000 18,000 Retained earnings..... 43.000 12.000 Total liabilities and stockholders' equity... $90.000 $48.000