December 31, Difference 2019 2018 2019 - 2018 Assets Cash 470,000 220,000 250,000 Accounts receivable (net) 1,000,000 1,020,000 (20,000) Inventory 1,280,000 1,200,000 80,000 Long-term investments 450,000 610,000 (160,000) Plant, Property, and Equipment 4,000,000 2,200,000 1,800,000 Accumulated depreciation (940,000) (890,000) (50,000) Patent 160,000 185,000 (25,000) Total assets 6.420.000 4.545.000 Liabilities and Stockholders' Equity Accounts payables 1,200,000 1,100,000 100,000 Wages Payable 370,000 455,000 (85,000) Long-term notes payable (nontrade) 550,000 0 550,000 Common stock, $10 par 1,800,000 1,500,000 300,000 Additional paid-in capital 700,000 500,000 200,000 Retained earnings 1,800,000 990,000 810,000 Total liabilities and stockholders' equity 6.420.000 4.545,000