A comparative balance sheet for Flounder Corporation is presented as follows. December 31 Assets 2020 2019 Cash $ 72,870 $22,000 Accounts receivable 83,730 67,860 Inventory 181,730 190,860 Land Equipment Accumulated Depreciation-Equipment 72,730 111,860 261,730 201,860 (70,730) (43,860) Total $602,060 $550,580 Liabilities and Stockholders' Equity Accounts payable $35,730 $48,860 Bonds payable 150,000 200,000 Common stock ($1 par) 214,000 164,000 Retained earnings 202,330 137,720 Total $602,060 $550,580