Comparative balance sheet for Zin Ine is given below as Assets Dec 31. 2020 Dec 31. 2019 Cash $134.000 $49.000 Accounts Receivable 148.000 52.000 Inventory 44,000 71.000 Prepaid expense 31,000 36,000 Long-term investments 34,000 Equipment 111,000 96,000 Accumulated depreciation equipment (42.000) (30.000) Total Assets $426.000 $318.000 Liabilities & Stockholders' Equity Accounts payable $ 61.000 $ 31.000 Bonds payable (long-term) 101,000 131,000 Common Stock 110.000 69.000 Retained Earnings 154.000 87.000 Total Liabilities & Stockholders' $ 426.000 $318.000 Equity Additional information: 1. Net income for the year ending December 31, 2020 was $187,000 2. Received cash for the sale of long-term investments that had a cost of $34,000, yielding a $6,000 gain 3. Depreciation expense for 2020 was $21,000. 4. All sales and purchases of inventory are on account (or credit). 5. The only changes affecting retained earnings are net income and cash dividends paid which is $40,000. 6. Purchased new equipment for cash, no disposal was made during the period