6 Teo Jean-Gaston: Attempt 1 ASSETS 3 Cash Accounts receivable Inventory Prepaid insurance Equipment Accumulated depreciation Total assets 2022 2021 $91,800 $62,700 75,800 43,000 142,900 100,350 18,400 26,000 405,000 442,500 (57,000) (65,000) $676,900 $609,550 LIABILITIES AND SHAREHOLDER'S EQUITY Accounts payable $87,000 $91.000 Accrued liabilities $11.500 $7,000 Deferred revenue $20,400 $7,500 Bank loan payable Common shares $110,000 $150,000 $200,000 $175,000 Retained earnings $248,000 $179,050 Total liabilities and equity $676,900 $609,550