Assets Current assets Cash Harketable securities Accounts receivable (net) Inventories Prepaid items Total current assets Investments Plant (net) Land Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Moncurrent liabilities Bonds payable +hnw Balance Sheets As of December 31 Year 4 $ 24,999 21,599 57,999 142,999 25,999 2?B,EBB 22,999 299,999 29,999 $911,599 $ 49,999 113,999 25,999 1?9,999 149,999 1.99 Year 3 9 29,999 9,999 49,999 159,999 11,999 23?,E 15,999 2?5,999 24,999 $551,999 9 1?,399 199,999 19,999 135,399 149,999 36.098 Prepaid expenses 4,499 Total current assets 144,969 Plant and equipment (net) 195,469 Intangibles 21,959 Total assets $ 2?1s359 Liabilities and Etockholders' Equity Liabilities Current liabilities accounts payable $ 38,869 Other 15,269 Total current liabilities 54,669 Bonds payable 55,969 Total liabilities 119,969 StockholdersJ equity Common stock (49,966 shares) 113,269 Retained earnings 38,269 Total stockholders\" equity 151,469 Total liabilities and stockholders' equity $ 2?1:359 5, 499 199,999 195,499 9 $ 244,399 $ 94,299 15,599 59,399 99,999 11?,299 113,299 13,999 127,199 $ 244,399 Year 2 Year 1 Revenues $ 229,399 $ 192,999 Expenses Cost of goods sold 125,399 191,199 Selling expenses 29,599 19,599 General and administrative expenses 9,299 9,299 Interest expense 2,999 2,999 Income tax expense & Total expenses 1?9,999 14?,599 Net income $ 433459 $ 35:399 Assets Current assets Cash $ 4,199 3; L292: Harketable securities 1,999 1,999 Accounts receivable 35,499 31,?99 Inventories 199,999 95,599 Prepaid expenses 4,499 3,499 Total current assets 144,999 139,999 Plant and equipment {net} 195,499 195,499 Intangibles 21,999 9 Total assets 5 2?1,399 $ 244,399