Balance sheet

IN OWN WORDS, about 300-500 words, comment on the performance of the companys balance sheets as below. Do not consider other financial performance/ ratio.

EXHIBIT 3: THE ITALIAN BAKERY-BALANCE SHEETS (AS AT DECEMBER 31) 2014 2013 ASSETS Current assets Cash Marketable securities Accounts receivable Inventory Total current assets Fixed Assets Building, cost Trucks, cost Equipment, cost Furniture and fixtures, cost Less: Accumulated amortization Bank line of credit (limit $50,000) Accounts payable Current portion of long-term debt Total current liabilities Long-term liabilities Bank loan Shareholder loan Total long-term liabilities Total Liabilities EQUITY Total cost Total fixed assets, net Total Assets LIABILITIES Current liabilities Common stock Retained earnings Total Equity TOTAL LIABILITIES AND EQUITY Source: Company files $ 5,096 1,765 94,207 8,614 109,682 250,000 79,500 148,576 27,586 505,662 366,117 139,545 $ 249,227 $ 38,074 27,308 12,000 77,382 36,000 26,250 62,250 $ 139,632 35,000 74,595 109,595 $ 249,227 5,029 1,321 92,525 7,974 106,849 250,000 79,500 148,576 27,586 505,662 345,792 159,870 $ 266,719 $ 41,490 30,272 12,000 83,762 48,000 37,504 85,504 $ 169,266 35,000 62,453 97,453 $ 266,719 $ 2012 $ 4,536 1,098 80,879 4,756 91,269 250,000 79,500 123,450 19,450 472,400 325,467 146,933 $ 238,202 $ 22,955 16,880 12,000 51,835 60,000 35,500 95,500 $ 147,335 35,000 55,867 90,867 $ 238,202