Question
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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