Cash Genatron Manufacturing Corporation Balance Sheet 2020 2019 ASSETS $40,845 $51,280 Accts. receivable 260,074 200,229 Inventory 503,008 450,048 Total current assets 803,927 701,557 Fixed assets, net 400,000 300,000 Total assets Accts. payable Bank loan $1,203,927 $1,001,557 LIABILITIES AND EQUITY $172,191 $132,891 91,142 91,142 Accruals 70,000 50,000 Total current liabilities 333,333 274,033