Cat Incorporated Balance Sheet As of December 31, 2018 2018 2017 Assets Cash $117,000 $136,700 A/R 150,000 90,000 Inventory 31,500 33,000 Prepaid Expenses 4,000 3,000 Total Current Assets $302,500 $262, 700 Property, Plant, & Equipment Building 150,000 110,000 Accumulated Depreciation (70,000) (52,000) Total PP &E $80,000 $58, 000 Total Assets $382,500 $320,700 Liabilities & Owners' Equity Liabilities: Accounts Payable 5,000 7,600 Salaries Payable 7,500 10,100 Total Current Liabilities 12,500 17,700 Long-Term Liabilities: Bonds Payable 60,000 75,000 Total Liabilities 72,500 92,700 Owners' Equity Common Stock 90,000 76,000 Additional Paid-in Capital 170,000 140,000 Retained Earnings 50,000 12,000 Total Liabilities & Owners' Equity S 382,500 $ 320,700