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4. Use the following Balance Sheet information to calculate the answers to the questions that follow. Balance Sheet December 31, 2021 December 31, 2022 ASSETS:

4. Use the following Balance Sheet information to calculate the answers to the questions that follow.

Balance Sheet December 31, 2021 December 31, 2022

ASSETS:

Cash $1,650 $1,555

Marketable Securities 230 220

Accounts Receivable 35 75

Inventory 475 350

Prepaid Rent 85 121

Plant & Equipment 2,758 3,361

LIABILITIES:

Notes Payable 8 14

Accounts Payable 62 180

Wages Payable 205 140

Mortgage Payable 480 420

Calculate the following totals for the end of 2021 and 2022 from the above Balance Sheet.

December 31, 2021 December 31, 2022

A. Current Assets ____________ ____________

B. Total Assets ____________ ____________

C. Current Liabilities ____________ ____________

D. Total Liabilities ____________ ____________

E. Total Equity ____________ ____________

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