A comparative balance sheet for Johnson Corporation is presented below:

Johnson Corporation

Assets

2014 2013

Cash 36,000 (5,000) 31,000 Increased

Accounts Receivable (net) 70,000 (10,000) 60,000 Increased

Prepaid Insurance 25,000 17,000 Increased

Land 18,000 40,000 Decreased

Equipment 70,000 60,000 Increased

Accumulated depreciation (20,000) (13,000)

Total Assets $199,000 $195,000

Liabilities

Accounts Payable 11,000 6,000 Increased

Bonds Payable 27,000 19,000 Increased

Common stock 140,000 115,000 Increased

Retained earnings 21,000 55,000 Decreased

$199,000 $195,000

Total liabilities and stockholder