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ABC, Inc. Balance Sheet December 31, 2024 and 2023 Increase (Decrease) 2024 2023 Amount Percentage Assets Current Assets: Cash and Cash Equivalents 29,000 32,000 Accounts

ABC, Inc.
Balance Sheet
December 31, 2024 and 2023
Increase (Decrease)
2024 2023 Amount Percentage
Assets
Current Assets:
Cash and Cash Equivalents 29,000 32,000
Accounts Receivable, Net 114,000 85,000
Merchandise Inventory 113,000 111,000
Prepaid Expenses 6,000 8,000
Total Current Assets 262,000 236,000
Property, Plant, and Equipment (PPE), Net 507,000 399,000
Long-Term Investment 18,000 9,000
Total Assets 787,000 644,000
Liabilities
Current Liabilities:
Accounts Payable 73,000 68,000
Accrued Liabilities 27,000 31,000
Notes Payable-Current 42,000 27,000
Total Current Liabilities 142,000 126,000
Long-Term Notes Payable 289,000 198,000
Total Liabilities 431,000 324,000
Shareholders' Equity
Common Stock, no par 186,000 186,000
Retained Earnings 170,000 134,000
Total Shareholders' Equity 356,000 320,000
Total Liabilities and Shareholder's Equity 787,000 644,000

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