Cash Inventory Assets BIG BLAST FIREWORKS Classified Balance Sheet January 31, 2021 $ 85,500 Accounts payable 11,500 Interest payable Income tax payable Liabilities $ 46,810) 215 13,600 Less: Allowance (4,450) (4,450) Total current assets 92,550 Total current liabilities Land Income tax payable 81,100 Notes payable 60,625 43,000 Total liabilities 103,625 Stockholders' Equity Common stock 69,000 Retained earnings Total stockholders' equity 118,025 Total assets $ 173,650 Total liabilities and stockholders' equity $ 221,650