Crane Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 follow. Crane Medical Comparative Balance Sheet As of December 31 2020 2019 Assets Current assets Cash $377,000 $417,400 Accounts receivable, net 1,048,000 776,450 Inventory 729,000 681,100 Other current assets 381,300 247,100 Total current assets 2,535,300 2,122,050 Property, plant, & equipment, net 8,706,535 8,440,045 Total assets $11,241,835 $10,562,095 Liabilities and Stockholders' Equity Current liabilities $3,181,000 $2,846,100 Long-term debt 3,702,700 3,892,650 Total liabilities 6,883,700 6,738,750 Preferred stock, $5 par value 59,000 59,000 Common stock, $0.25 par value 104,650 103,900 Retained earnings 4,194,485 3,660,445 Total stockholders' equity 4,358,135 3,823,345 Total liabilities and stockholders' equity $11,241,835 $10,562,095