Alex Company reported the following information for 2020. Alex Company Comparative Balance Sheets December 31 Assets 2020 2019 Change Increase/Decrease Cash $56,000 $37,000 $19,000 Increase Accounts receivable 63,000 24,000 39,000 Increase Inventory 47,000 -0- 47,000 Increase Prepaid expenses 6,000 4,000 2,000 Increase Land 49,000 69,000 20,000 Decrease Buildings 188,000 188,000 -0- Accumulated depreciation-buildings (19,500) (13,000) 6,500 Increase Equipment 186,000 68,000 118,000 Increase Accumulated depreciation-equipment (30,000) (10,280) 19,720 Increase Totals $545,500 $366,720 Liabilities and Stockholders' Equity Accounts payable $44,000 $41,000 $3,000 Increase Accrued expenses payable -0- 9,000 9,000 Decrease Bonds payable 107,000 147,000 40,000 Decrease Common stock ($1 par) 219,000 66,000 153,000 Increase Retained earnings 175,500 103,720 71,780 Increase Totals $545,500 $366,720