Byron Manufacturing Balance Sheets As of December 31, 2014 and 2013 Assets 2014 2013 Current assets: 5,270 10,320 19,970 35,560 9,320 8,880 18,660 36,860 Accounts receivable Inventory Total current assets Property, plant, and equipment Building Equipment 492,000 276,000 768,000 (148,300) 619,700 655,260 492,000 272,900 764,900 (119,850) 645,050 681,910 Accumulated depreciation Net property, plant, and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Salaries payable Income taxes payable 55,400 9,310 1,120 65,830 36,080 11,600 9,920 57,600 Total current liabilities Long-term liabilities: Bonds payable Stockholders' equity: Common stock Retained earnings 355,000 396,000 182,000 52,430 234,430 655,260 146,000 82,310 228,310 681,910 Total stockholders' equity Total liabilities and stockholders' equity