Ajax Corporation Statement of Financial Position Assets December 31, 2018 Cash 2018 2017 Accounts Receivable $131,560 $70,400 Inventory 110,040 95,760 9 Office Supplies 217,300 209,200 Prepaid Insurance 1,760 2,600 2,340 1,760 Property, Plant and age 6: Equipment 578,000 472,000 10 11 12 Accumulated Depreciation -187,360-117,360 Patent 25,860 20,000 Total Assets $879,500 $754,360 Liabilities and Shareholder's 13 14 15 Equity Accounts Payable $200,500 $189,080 Income Tax Payable 7,500 5,000 16 17 18 3,000 4,000 Interest Payable 9,500 6,800 Salaries Payable Notes Payable, Due December 31, 2020 Total Liabilities $377,500 $384,880 157,000 180,000 Common Shares, (30,000 435 000 330 000 DELL