Data table Abrahams Manufacturing Company Balance Sheet for 1/31/2017 and 1/31/2018 Cash Accounts receivable Inventory Prepaid expenses Total current assets Gross plant and equipment Accumulated depreciation Total assets Accounts payable Accrued liabilities Total current debt Mortgage payable Preferred stock 2017 2018 $ 89,000 $ 110,000 64,000 68,600 112,000 99,400 10,000 $ 288,000 10,000 $ 275,000 238,000 (40,000) 312,000 (68,000) $ 473,000 $ 532,000 $ 85,000 68,000 $ 91,000 62,000 $ 153,000 $ 153,000 70,000 0 0 126,000 Common stock Retained earnings Total debt and equity 205,000 45,000 205,000 48,000 $ 473,000 $ 532,000 Print Done - X