AutoSave ABC Home Insert Draw Design Layout References Mailings Review Times New... 10 ' ' Aa Paste B I U ab A Page 4 of 7 1960 words English (United States) View RAVI 2024 28 (1) Q Search (Cmd + Ctrl + U) Comments Editing [ AaBbCcDdEe AaBbCcDdEe AaBbCcDc AaBbCcDdEe AaBb( > Normal No Spacing Heading 1 Heading 2 Title Styles Pane Dictate Add-ins Balance Sheets December 31 2023 2022 Assets Current assets Cash Accounts receivable $ 25,000 $ 24,100 805,556 763,900 Inventories 700,625 763,445 Total current assets $1,531,181 $1,551,445 Gross fixed assets (at cost) $2,493,819 $1,691,707 Less: Accumulated depreciation 500,000 348,000 Net fixed assets $1,993,819 $1,343,707 Total assets $3.525.000 $2.895.152 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 230,000 $ 400,450 Notes payable Accruals 311,000 370,000 75,000 100,902 Total current liabilities $ 616,000 $ 871,352 Long-term debt $1,565,200 $ 700,000 Total liabilities $2,181,200 $1,571,352 Stockholders' equity Common stock (100,000 shares at $4 par)a 400,000 400,000 Paid-in capital in excess of par value 643,800 643,800 Retained earnings 300,000 280,000 Total stockholders' equity $1,343,800 $1,323,800 Total liabilities and stockholders' equity $3.525.000 $2.895.152 RAVI's 100,000 shares of common stock closed at $60.00 per share. Focus + 107%