Clearcarpet Vacuums sells vacwarn accessories, At the end of 2018, the income statement and comparative balance sheet were prepared as shown below Cleancarpet Vacuums Balance Sheet As at October 31 2018 2017 Assets Current Assets Cash $144,560 $57,600 Accounts Receivable $93,900 $88,100 Merchandise Inventory $218,000 $196,600 repaid Expenses $14,400 $14,400 Total Current Assets $470,860 $356,700 Noncurrent Assets Land SO $40.000 Equipment $351,000 $351,000 Less: Accumulated Depreciation 8-29,300 $-20,900 Total Noncurrent Assets $321,700 $370,100 Total Assets $792,560 $726,800 Liabilities Current Liabilities Accounts Payable $54,200 $42,900 Notes Payable, Current Portion $9,800 $9 800 Total Current Liabilities $64.000 $52,700 Notes Payable, Long-Term Portion $53,200 $63.000 Total Liabilities $117, 200 $115,700 Stockholders' Equity Common Stock 3164,000 $164,000 Retained Earnings $511,360 $447,100 Total Stockholders' Equity $675,360 $611,100 Total Liabilities and Equity $792,560 $726,800