ASSETS Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Accumulated depreciation TOTAL ASSETS LIABILITIES Current liabilities ABC COMPANY BALANCE SHEET AS OF DECEMBER 31, 2012 2012 2011 2010 $ 501,992 335,272 $ 434,215 $ 375,141 302,514 241,764 515,174 505,321 310,885 251,874 231,100 136,388 $1,604,312 $1,473,150 $ 1,064,178 765,215 (218,284) 735,531 (196,842) 705,132 (175,400) $2,151,243 $2,011,839 $1,593,910 Accounts payable $248,494 $ 366,864 $322,156 Accrued liabilities 122,192 216,533 215,474 Income taxes payable 10,645 25,698 22,349 Current portion of long-term debt 42,200 42.200 42.200 Total current liabilities $423,531 $ 651,295 $ 602,179 Long-term liabilities Long-term debt TOTAL LIABILITIES STOCKHOLDERS' EQUITY Common stock 425,311 $848,842 400,311 $1,051,606 375,100 $977,279 Additional paid-in capital $370,124 29,546 $ 356,758 Retained earnings 902,731 Total stockholders' equity $1,302,401 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $2,151,243 $ 2,011,839 24,881 578,594 $960,233 $ 320,841 21,910 273,880 $616,631 $ 1,593,910