Assets Current assets Cash Accounts receivable Inventory VIOJA TELE INC Balance Sheets December 31' 2020 2019 192,780 66,780 66,900 81,000 131,500 126,000 2,860 4,320 Prepaid rent Non-Curret assets Land 117,000 200.000 Equipment 508,200 346,000 Accumulated depreciation - Equipment (84,700) (100,500) Total assets 934,540 723,600 Liabilities & Stockholders' Equity Current Liabilities Accounts payable 25,500 79,000 Interest payable 3,300 2,100 Income tax payable 31,400 33,500 Long-term Liabilities Notes payable 153,000 193,000 Stockholders' Equity Common Stock 70,000 60,000 Additional paid-in capital 302,000 210,000 Retained earnings 349,340 146,000 Total Liabilities & Stockholders' Equity 934,540 723,600