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Current Attempt in Progress Condensed financial data of Oakley Company appear below. Oakley Company Comparative Balance Sheets Assets Cash Accounts receivable Inventory Investments Equipment

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Current Attempt in Progress Condensed financial data of Oakley Company appear below. Oakley Company Comparative Balance Sheets Assets Cash Accounts receivable Inventory Investments Equipment December 31 2020 2019 $84,000 $48,100 91,600 56,900 127,500 100,700 82,800 87,000 259,000 202,000 (50,400 ) (40,000 ) $594,500 $454,700 Accumulated depreciation-equipment Liabilities and Stockholders' Equity Accounts payable $58,100 $47,600 Accrued expenses payable 12,000 18,600 Bonds payable 98,000 68,000 Common stock 250,000 203,000 Retained earnings 176,400 117,500 $594,500 $454,700

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