Carne Auto Supplies

Balance Sheet

December 31, 2014

Cash$35,000Accounts payable $65,000

Accounts receivable50,000Salaries and wages payable10,000

Inventory 70,000Mortgage payable90,000

Prepaid insurance40,000Total liabilities $165,000

Long Term Stock investments80,000

Land 95,000

Buildings$100,000Common stock $120,000

Less: Accumulated Retained earnings 250,000

depreciation(30,000)85,000Total stockholders' equity$370,000

Trademarks 70,000Total liabilities and

Total assets $535,000stockholders' equity$535