Balance Sheets as of December 31 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets 2019 2018 $ 15,000 $ 14,000 30,000 29,830 20,000 16,000 $ 74,830 $ 50,000 52,000 $126,830 48,000 $98,000 Liabilities and Equity Accounts payable $ 10,800 7,600 $ 8,500 Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock (4,000 shares). Retained earnings Common equity Total liabilities and equity 5,000 6,700 5,000 $ 25,100 $ 18,500 10,000 10,000 $ 35,100 60,000 31,730 $ 91,730 $126,830 $ 28,500 60,000 9,500 $ 69,500 $98,000