DOUBLEPLAY ENTERPRISES INC. Statement of Financial Position December 31 Assets Cash Accounts receivable ( net) Inventories Prepaid expenses Long-term investments Land Buildings and equipment ( net ) Total assets Liabilities and Shareholders' Equity Liabilities Notes payable Accounts payable Current portion of mortgage payable Mortgage payable, due 2029 Total liabilities Shareholders equity Common shares ( 100,000 shares issued) Retained earnings Accumulated other comprehensive income Total shareholders equity 2022 2021 $ 50,000 $ 42,000 $ 100,000 $ 87,000 $ 400,000 $ 300,000 $ 25,000 $ 31,000 $ 80,000 $ 50,000 $ 125,000 $ 75,000 $ 560,000 $ 400,000 $ 1,340,000 $ 985,000 Total liabilities and shareholders equity DOUBLEPLAY ENTERPRISES INC. Statement of Earn How to find Inventory turnover