Christmas Chocolate Shop Balance Sheet As of October 31, 2021 LIABILITIES AND EQUITY ASSETS $106,080 Cash $128,228Accounts payable $348,280Wages payable $42,480Taxes payable $46,480 Accounts receivable $184,000 Inventory $336,560 Total Current Assets $518,988Total Current Liabilities $284,000 Store furnishings Accumulated depreciation $740,000Long term debt ($504,000)Shareholders' equity $134,428 $754,988 TOTAL ASSETS $754,988 TOTAL LIABILITIES AND EQUITY Christmas Chocolate Shop Balance Sheet As of October 31, 2021 LIABILITIES AND EQUITY ASSETS $106,080 Cash $128,228Accounts payable $348,280Wages payable $42,480Taxes payable $46,480 Accounts receivable $184,000 Inventory $336,560 Total Current Assets $518,988Total Current Liabilities $284,000 Store furnishings Accumulated depreciation $740,000Long term debt ($504,000)Shareholders' equity $134,428 $754,988 TOTAL ASSETS $754,988 TOTAL LIABILITIES AND EQUITY