Assets Current assets Cash $380,000 $417,500 Accounts receivable, net 1,035,000 776,500 Inventory 726,000 681,050 Other current assets 381,400 247,000 Total current assets 2,522,400 2,122,050 Property, plant, & equipment, net 8,738,625 8,439,845 Total assets $11.261,025 $10,561,895 Liabilities and Stockholders' Equity Current liabilities $3,201,000 $2,846,100 Long-term debt 3,702,650 3,892,600 Total liabilities 6.903.650 6,738,700 Preferred stock, $5 par value 58,900 58,900 Common stock, $0.25 par value 104,700 103,900 Retained earnings 4,193,775 3,660,395 Total stockholders' equity 4,357,375 3.823,195 Total liabilities and stockholders' equity $11.261.025 $10,561.895