#21-25

Toys and Things Company Balance Sheet Assets Current assets Cash Accts Receivable Inventory Total Current Assets 4000 5000 4800 14500 Liabilities Current Liabilities Accounts Payable Accrued Payroll 3750 Other Accrued Liabilities 3000 Total Current Liabilities #25 Total Long-Term Liability 2050 Fixed Assets Fixed Assets Depreciation Total Fixed Assets 45000 #22 # #23 Total Stock Holder Equity 34000 TOTAL ASSETS TOTAL LIABILITIES 46800 Note: The machinery, furniture and fixtures are a year old and have depreciated by $22500