Comparative Statements of Financial Position Dec. 31, 2019 Dec. 31 2018 Assets Cash M $10,000 Accounts receivable 23,000 14,000 Prepaid expenses 6,000 9,000 Merchandise inventory 25,000 1 5,000 Long-term investments 0 23,000 Equipment 57,000 30,000 Accumulated depreciationequipment (18,000} (14,000) Total assets 5.122.000 001.000 Liabilities and Shareholders' Equity Accounts payable M $ 9.000 Mortgage payable 37,000 45,000 Common shares 40.000 23.000 Retained earnings 24,000 10,000 Total liabilities and shareholders' equity $122,099, 5.61.000 Additional information ardin scal 201 1. Prot for the year was $27,000. 2. Cash dividends of $13,000 were declared and paid during the year. 3. Long-term investments with a carrying amount of $23,000 were sold for $18,000 cash