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Current assets: Cash Inventory Prepaid rent Answer is not complete. MELODY LANE MUSIC COMPANY Balance Sheet At December 31, 2021 Total current assets Property,

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Current assets: Cash Inventory Prepaid rent Answer is not complete. MELODY LANE MUSIC COMPANY Balance Sheet At December 31, 2021 Total current assets Property, plant, and equipment: Equipment Assets $ 218,950 107,000 6,000 331,950 Accumulated depreciation $ 47,000 (9,400) Net property, plant, and equipment 37,600 Total assets $ 369,550 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 29,000 Interest payable 114,000

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