Condensed financial data of Oakley Company appear below. Oakley Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Investments Equipment Accumulated depreciation-equipment 2020 2019 $81,200 $47,000 89,600 56,400 128,200 101,500 85,500 86,000 259,000 205,000 (49,100 ) (41,000 ) $594,400 $454,900 Liabilities and Stockholders' Equity Accounts payable $58,800 $48,900 Accrued expenses payable 11,800 19,200 Bonds payable 100,000 70,000 Common stock Retained earnings 248,000 204,000 175,800 112,800 $594,400 $454,900