Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Current assets Cash Liabilities and Owners' Equity Current liabilities $ 67,906 $85,508 Accounts payable $186,422 $ 194,111 Accounts 65,781 86,139 receivable Notes payable 81,520 133,088 180,234 Inventory 115,499 Total $267,942 $327,199 Total $ 249,186 $351,881 Long-term debt $230,000 $166,750 Owners' equity Common stock and paid-in $225,000 $225,000 surplus Accumulated retained 185,091 222,960 earnings Fixed assets Net plant and equipment $658,847 $590,028 Total $410,091 $447,960 941.909 Total assets $908,033 $ Total liabilities and owners' equity $908,033 $ 941,909