Benjamin Company
Comparative Balance Sheets
December 31, 2013 and December 13, 2014
Assets	2013	2014	Difference
Cash	27,360	94,560	67,200
Accounts Receivable	95,430	122,430	27,000
Inventory	127,890	102,890	(25,000)
Prepaid Expenses	20,000	-	(20,000)
Land	-	25,000	25,000
Building	-	137,000	137,000
Accumulated Depr. - Building	-	(15,000)	(15,000)
Equipment	34,000	33,000	(1,000)
Accumulated Depr - Equipment	(24,000)	(14,500)	9,500
Patents	6,000	4,000	(2,000)
Total Assets	286,680	489,380	202,700
Liabilities & Stockholder's Equity
Accounts Payable	46,750	20,750	(26,000)
Notes Payable (Current)	-	10,000	10,000
Accrued Liabilities	12,300	-	(12,300)
Mortgage Payable	-	162,000	162,000
Common Stock $10 par value	150,000	180,000	30,000
Additional paid in capital	37,200	57,200	20,000
Retained Earnings	40,430	59,430	19,000
Total Liabilities & S/E	286,680	489,380	202,700
Additional information:
1. Net income $28,000
2. Building depreciation $15,000
3. Equipment depreciation $3,000
4. Sold equipment that cost $13,500 with accum. depreciation of $12,500 at a gain of $5,300
5. Equipment purchases $12,500
6. Patent amortization $3,000
7. Purchased a patent $1,000
8. Issued a note payable $25,000
9. Repaid a note in the amount of $15,000
10. Land and building purchased with a mortgage $162,000
11. Sold 1,500 shares of $20 par common stock for a total of $50,000
12. Paid dividends of $9,000