Chapter: Review of Accounting and Cash Flow Consider the following statement Assets: Cash Marketable Securities Accounts Receivable (gross) Less: Allowance for Bad Debts 2011 2012 $ 5,534 $ 9,037 952 1,801 14,956 16,110 211 167 Accounts Receivable (net) 14,745 15,943 Inventory 10,733 11,574 Prepaid Expenses 3,234 2,357 Plant and Equipment (gross) 57,340 60,374 Less: Accumulated Depreciation 29,080 32,478 Plant and Equipment (net) 28,260 27,896 Land 1,010 1,007 Long-Term Investments 2,503 4,743 Liabilities: Accounts Payable 3,253 2,450 Notes Payable - - Accrued Expenses 6,821 7,330 Bonds Payable 2,389 2,112 Stockholders' Equity: Common Stock 8,549 10,879 Retained Earnings 45,959 51,587