A Byte of Accounting Balance Sheet As of December 31, 2020 Assets Current Assets Cash Accounts Receivable Allowance for Doubtful Accounts Net Receivable Prepaid Rent Office Supplies Total Current Assets Long-Term Assets $ 274,390.00 $ 30,000.00 600.00 Office Equipment $ 65,100.00 Accum. Depr.-Office Equipment 6,200.00 Net Office Equipment $ 58,900.00 Computer Equipment $ 24,000.00 Accum. Depr.-Computer Equipment 4,800.00 Net Computer Equipment 19,200.00 Total Long Term Assets Total Assets Liabilities Current Liabilities Accounts Payable Salaries Payable Income Taxes Payable Total Liabilities Stockholder's Equity 29,400.00 2,700.00 900.00 $ 307,390.00 78,100.00 $ 385,490.00 $ 47,330.00 960.00 6,000.00 $ 54,290.00 Capital Stock, $0.01 Par Value $ Paid in Capital in Excess of Par Retained Eamings Total Stockholder's Equity Total Liabilities and Stockholder's Equity 16.00 307,184.00 24,000.00 331,200.00 $ 385,490.00