Account 2018 2019 Cash 170,000 200,000 Inventory 625,000 (250,000) Common Stock 750,000 Bank Loan Payable 50,000 Interest Expense (5,000) (5,000) Accounts Payable (250,000) SG&A Expense 355,000 PP &E 140,000 COGS 1,700,000 Revenue 2,500,000 Accounts Receivable 100,000 Balance Sheet Account 2018 2019 Assets Inventory 625,000 375,000 Cash 170,000 370,000 Accounts Receivable 100,000 PP&E 140,000 Total Assets 795,000 985,000 Liabilities & Equity Accounts Payable (250,000) Common Stock 750,000 750,000 Bank Loan Payable 50,000 50,000 SG&A Expense 355,000 Interest Expense (5,000) (10,000) Total Liabilities & Equity 795,000 895,000