Arch Associates reports the following comparative balance sheets and income statement information. Arch Associates Comparative Balance Sheets 12/31/Year 1 12/31/Year 2 Cash $15,000 $25,000 Accounts receivable 7,000 11,000 Prepaid insurance 13,000 11,000 Inventory 9,000 5,000 Property, plant and equipment 15,000 13,000 Total assets $59,000 $65,000 Accounts payable $11,000 $15,000 Salaries payable 13,000 7,000 Long term notes payable 14,000 12,000 Stockholders' equity 21,000 31,000 Total liabilities and equity $59,000 $65,000