Assets Current assets Cash Accounts receivable Allowance for Doubftul Accounts Inventory Prepaid Rent Long-term assets Western Resources Balance Sheet At December 31, 20X5 $ 20X5 3,095,500 $ 3,705,000 (741,000) 3,875,000 20X4 S 2,905,000 C 2,500,000 (500,000) 1,950,000 2,180,000 2,000,000 Land $ 6,415,000 6,500,000 Buildings and Equipment 7,345,000 10,000,000 Accumulated Depreciation (2,480,000) (4,250,000) Total assets $ 23,394,500 $ 21,105,000 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ +A 1,275,000 $ 1,100,000 Interest payable 490,000 650,000 Income taxes payable 369,100 125,000 Dividends payable 65,000 55,000 Long-term liabilities Long-term debt SA $ 6,850,000 6,500,000 Stockholders' Equity Common stock $ 8,530,000 7,500,000 Retained earnings 5,815,400 5,175,000 Total liabilities and shareholders' equity 23,394,500 $ 21,105,000