CCC13 The comparative balance sheet of Cookie & Coffee Creations Inc. at October 31, 2020 for the years 2020 and 2019, and the income statements for the years ended October 31, 2019 and 2020, are presented below.

COOKIE & COFFEE CREATIONS INC. Balance Sheet

October 31

Assets

Cash

Accounts receivable

Inventory 7,897 Prepaid expenses 5,800 Equipment 102,000

2020

2019

$ 5,550 2,710 7,450 6,050 75,500 (9,100) $88,160

$ 2,450 7,200 27,000 1,280 0 0 0

14,000

25,180 250 10,800 $88,160

Continuing Cookie Chronicle 1

Accumulated depreciation

Total assets

Liabilities and Stockholders Equity Accounts payable

Income taxes payable

Dividends payable

Salaries and wages payable

Interest payable

Note payablecurrent portion

Note payablelong-term portion Preferred stock, no par, $6 cumulative

3,000 and 2,800 shares issued,

(25,200) $116,071

$ 22,324 3,250

respectively 15,000 Common stock, $1 par25,180

shares issued

Additional paid in capitaltreasury stock Retained earnings

Total liabilities and stockholders equity

25,180 250 20,802 $116,071

$

1,150

9,251 27,000 7,250 188 4,000 6,000