Balance Sheet At December 31, 2021 Assets Cash 66,0ee 119,ee 68,000 133,0ee 43,000 Accounts receivable Inventory Machinery (net) Franchise (net) Total assets 429,eee Liabilitios and Sharaholders' Equity Accounts payable Allowance for uncollectible accounts Notes payable Bonds payable Shareholders' equity 76,00e 18,eee 81,eee 123,e0e 131,eee $ 429,eee Total liabilities and shareholders' equity Additional Inlormation: 1. Cash includes a $33,000 restricted amount to be used for repayment of the bonds payable in 2025 2. The cost of the machinery is $216,000 3. Accounts receivable includes a $33,000 notes recelvable from a customer due in 2024. 4. The notes payable balance includes acCrued interest of $18,000. Principal and interest are both due on February 1, 2022. 5. The company began operations in 2016. Net income less dividends since inception of the company totals $48,000 6. 63,000 shares of no par common stock were issued in 2016. 100,000 shares are authorized. Balance Sheet At December 31, 2021 Assets Cash 66,0ee 119,ee 68,000 133,0ee 43,000 Accounts receivable Inventory Machinery (net) Franchise (net) Total assets 429,eee Liabilitios and Sharaholders' Equity Accounts payable Allowance for uncollectible accounts Notes payable Bonds payable Shareholders' equity 76,00e 18,eee 81,eee 123,e0e 131,eee $ 429,eee Total liabilities and shareholders' equity Additional Inlormation: 1. Cash includes a $33,000 restricted amount to be used for repayment of the bonds payable in 2025 2. The cost of the machinery is $216,000 3. Accounts receivable includes a $33,000 notes recelvable from a customer due in 2024. 4. The notes payable balance includes acCrued interest of $18,000. Principal and interest are both due on February 1, 2022. 5. The company began operations in 2016. Net income less dividends since inception of the company totals $48,000 6. 63,000 shares of no par common stock were issued in 2016. 100,000 shares are authorized