27. (Financial statement analysis) The last two years of financial statements for Industries are as follows: Carver Industries Balance Sheets for December 31, 2012 and 2013 2012 2013 Cash Accounts receivable Inventories Total current assets Land Buildings and equipment Less: Accumulated depreciation Total fixed assets Total assets 650 20,800 59,150 S 63,125 80,600 $ 25,000 33,800 130,000 (35,000) $(49,400) 77,500 114,400 $140,625 $195,000 11,250 15,625 36,250 5o 87,500 Accounts payable Short-term bank notes Total current liabilities Long-term debt Common stock Retained earnings Common equity Total debt and equity S 13,125 28,600 61,100 S 34,375 89,700 $ 35,938 29,835 40,950 34,515 S 75.465 $140,625 $195,000 21,250 39,375 30,938 70,313