ABC Corporation Statement of Financial Position 31-Dec Assets Current Assets Cash Accounts Receivable Prepaid Expenses Office Supplies Inventory Total Current Assets 2019 $15,000 12,000 4,000 1,000 10,000 2018 $57,500 52,000 7,000 SOO 30,000 $147,000 S42,000 Property, Plant, and Equipment Building Accumulated Depreciation - Building Total Property, Plant, and Equipment $420,000 40,000 $370,000 29,000 380,000 341,000 Intangible Assets Trademarks Total Assets 50,000 $472,000 50,000 $538,000 Liabilities Current Liabilities Accounts Payable Wages Payable Unearned Revenues Current Portion of LT Note Payable Total Current Liabilities $6,000 18,000 2,000 50,000 $4,000 13,000 1,000 50,000 $76,000 $68,000 Non-Current Liabilities Long Term Notes Payable (less current portion) 200,000 300,000 ABC Corporation Statement of Financial Position 31-Dec Assets Current Assets Cash Accounts Receivable Prepaid Expenses Office Supplies Inventory Total Current Assets 2019 $15,000 12,000 4,000 1,000 10,000 2018 $57,500 52,000 7,000 SOO 30,000 $147,000 S42,000 Property, Plant, and Equipment Building Accumulated Depreciation - Building Total Property, Plant, and Equipment $420,000 40,000 $370,000 29,000 380,000 341,000 Intangible Assets Trademarks Total Assets 50,000 $472,000 50,000 $538,000 Liabilities Current Liabilities Accounts Payable Wages Payable Unearned Revenues Current Portion of LT Note Payable Total Current Liabilities $6,000 18,000 2,000 50,000 $4,000 13,000 1,000 50,000 $76,000 $68,000 Non-Current Liabilities Long Term Notes Payable (less current portion) 200,000 300,000