Assets Cash Accounts receivable Inventory Total current assets Equipment Accumulated depreciation-Equipment Total assets Liabilities and Equity Accounts payable Income taxes payable Total current liabilities Equity GOLDEN CORPORATION Comparative Balance Sheets December 31 Current Year $ 167,000 87,500 605,500 860,000 343,000 (159,500) $ 1,043,500 Prior Year $ 110,300 74,000 529,000 713,300 302,000 (105,500) $ 909,800 Common stock, $2 par value Paid-in capital in excess of par value, common stock Retained earnings Total liabilities and equity $ 93,000 31,000 $ 74,000 26,600 124,000 100,600 595,600 571,000 201,400 164,500 122,500 73,700 $ 1,043,500 $ 909,800