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Current a tempt The following is a condensed version of the comparative balance sheets for Sweet Corporation for the last two years at December
Current a tempt The following is a condensed version of the comparative balance sheets for Sweet Corporation for the last two years at December 31. 2020 2019 Cash Accounts receivable $336,300 $148,2001 342,000 351,500 Investments 98,800 140,600 Equipment 566,200 456,000 Accumulated Depreciation-Equipment (201,400 ) (169,100) Current liabilities 254,600 286,900 Common stock 304,000 304,000 Retained earnings 583,300 336,300 Additional information: Investments were sold at a loss of $19,000; no equipment was sold; cash dividends paid were $57,000; and net income was $304,000.
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