Brookstone Company Financial Information Brookstone Company Balance Sheets At December 31, Assets: 2021 2020 Cash $ 49,311 $ 27,648 Accounts receivable 31,800 35,280 Merchandise inventory 70,150 74,052 Long-term investments 77,680 67,680 Machinery 196,540 174,600 Accumulated depreciation (50,180) (37,440) Total assets $375,301 $ 341,820 Liabilities: Accounts payable $38,887 $ 48,456 Income taxes payable 12,870 12,240 Bonds payable 62,200 79,200 Total liabilities 113,957 139,896 Equity: Common stock 156,000 126,000 Retained earnings 105,344 75,924 Total equity 261,344 201,924