At December 31, 20X2 and December 31, 20X1 B 20X2 20X1 llar Change 2 Change Assets Current Assets Cash and cash equivalents $ 247,225 168,010 Trading Securities $ 48,000 39,600 Accounts receivable $ 28,000 19,500 Allowance for doubtful accounts (5,000) (2,900) Accounts receivable, net $ 23,000 16,600 Inventories $ 2,450 3,600 Prepaid expenses and other receivables $ 1,200 750 Available-for-sale securities $ 17,750 14,005 Total current assets $339,625 242.565 Property, plant and equipment, net Intangible Assets Total assets $ 404,550 300 233,050 300 744,475 541.915 Liabilities and Shareholders' Equity Current Liabilities Salaries Payable FICA-Social Security Taxes Payable FICA-Medicare Taxes Payable 6 Employee Federal Income Taxes Payable 7 State Unemployment Taxes Payable 8 Federal Unemployment Taxes Payable 9 Notes payable or current portion of long-term debt 30 Accounts payable 31 Total current liabilities $ 75,000 66,950 $ 10,540 7,682 $ 2,465 1,797 $ $ $ 8,500 6,000 756 540 84 60 24,000 24,000 15,000 17,050 136,375 124,079 204,400 128,400 340,775 252.479 32 33 Long-term debt 34 Total liabilities 35 36 Shareholders' equity 37 38 Common stock, $10 per value; 50,000 shares authorized; 20,000 shares issued and outst: $ Retained earnings 275,000 $ 128,700 220,000 69,436 39 40 Total shareholders' equit 403 700 289.436 41 Total liabilities and shareholders equity 1 744,475 541.915 42 Balance Sheet