Buffalo Inc., a greeting card company, had the following statements prepared as of December 31, 2020. BUFFALO INC. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 12/31/20 12/31/19 Cash $6,100 $6,900 Accounts receivable 62,500 51,000 Short-term debt investments (available-for-sale) 34,800 18,100 Inventory 39,600 60,200 Prepaid rent 4,900 4,000 Equipment 154,500 130,100 Accumulated depreciation-equipment (34,800 ) (25,300 ) Copyrights 46,300 50,400 Total assets $313,900 $295,400 Accounts payable $46,000 $40,200 Income taxes payable 4,000 6,000 Salaries and wages payable 8,100 4,000 Short-term loans payable 8,000 10,000 Long-term loans payable 59,700 69,000 Common stock, $10 par 100,000 100,000 Contributed capital, common stock 30,000 30,000 Retained earnings 58,100 36,200 Total liabilities & stockholders' equity $313,900 $295,400