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A comparative balance sheet for Coronado Company appears below: Cash Accounts receivable Inventory Prepaid expenses Long-term investments Equipment CORONADO COMPANY Comparative Balance Sheet Accumulated
A comparative balance sheet for Coronado Company appears below: Cash Accounts receivable Inventory Prepaid expenses Long-term investments Equipment CORONADO COMPANY Comparative Balance Sheet Accumulated depreciation-equipment Total assets Assets Dec. 31, 2020 Dec. 31, 2019 $41,000 $14,500 25,000 16,500 32,000 20,500 9,500 16,000 0 24,000 70,500 36,500 (27,000) (18,500) $151,000 $109,500 Liabilities and Stockholders' Equity Accounts payable $24,000 $10,500 Bonds payable 39,500 52,000 Common stock 47,000 26,500 Retained earnings 40,500 20,500 Total liabilities and stockholders' equity $151,000 $109,500
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