At December 31 Assets Cash Accounts receivable, net Inventory MONTGOMERY INCORPORATED Comparative Balance Sheets Current Year Prior Year $ 54,100 $ 54,200 16,400 94,800 165,400 56,100 (20,700) 13,400 120,100 187,600 66,500 (30,100) $ 224,000 $ 200,800 $ 32,000 600 Total current assets Equipment Accumulated depreciation-Equipment Total assets Liabilities and Equity Accounts payable Salaries payable Total current liabilities Equity Common stock, no par value Retained earnings Total liabilities and equity 32,600 159,800 31,600 $ 224,000 $ 34,400 800 35,200 148, 200 17,400 $ 200, 800