Cookie Creations 13 The comparative balance sheet of Cookie & Coffee Creations Inc. at October 31, 2020 for the years 2020 and 2019, and the income statements for the years ended October 31, 2019 and 2020, are presented below. COOKIE&COFFEE CREATIONS INC. Balance Sheet October 31 Assets 2020 2019 $22,324 Cash $5,550 2,710 Accounts receivable 3,250 Inventory 7,897 7,450 5,800 Prepaid expenses 6,050 102,000 75,500 Equipment (25,200) (9,100) Accumulated depreciation Total assets $116,071 $88,160 abilities and Stockholders' Equ Accounts payable $1,150 $2,450 9,251 Income taxes payable 7,200 Dividends payable 27,000 27,000 7,250 Salaries and wages payable 1,280 Interest payable 188 Note payable current portion 4,000 Note payable portion 6,000 Preferred stock, no par, $6 cumulative- 3,000 and 2,800 shares issued, respectively 15,000 14,000 Common stock, $1 par-25,180 shares issued 25,180 25,180 Additional paid in treasury stock 250 250 Retained earnings 20,802 10,800 $116,071 $88,160 Total liabilities and stockholders' equity