E23.13 (LO 2, 3) (SCFDirect Method) Brecker Inc., a greeting card company, had the following statements prepared as of December 31, 2020. Brecker Inc. Comparative Balance Sheet As of December 31, 2020 and 2019 12/31/20 Cash $ 6,000 Accounts receivable 62,000 Short-term debt investments (available-for-sale) 35,000 Inventory 40,000 Prepaid rent 5,000 Equipment 154,000 Accumulated depreciation equipment (35,000) Copyrights 46,000 Total assets $313,000 Accounts payable $ 46,000 Income taxes payable 4,000 Salaries and wages payable 8,000 Short-term loans payable 8,000 Long-term loans payable 60,000 Common stock, $10 par 100,000 Contributed capital, common stock 30,000 Retained earnings 57,000 Total liabilities and stockholders' equity $313,000 12/31/19 $ 7,000 51,000 18,000 60,000 4,000 130,000 (25,000) 50,000 $295,000 $ 40,000 6,000 4,000 10,000 69,000 100,000 30,000 36,000 $295,000 E23.13 (LO 2, 3) (SCFDirect Method) Brecker Inc., a greeting card company, had the following statements prepared as of December 31, 2020. Brecker Inc. Comparative Balance Sheet As of December 31, 2020 and 2019 12/31/20 Cash $ 6,000 Accounts receivable 62,000 Short-term debt investments (available-for-sale) 35,000 Inventory 40,000 Prepaid rent 5,000 Equipment 154,000 Accumulated depreciation equipment (35,000) Copyrights 46,000 Total assets $313,000 Accounts payable $ 46,000 Income taxes payable 4,000 Salaries and wages payable 8,000 Short-term loans payable 8,000 Long-term loans payable 60,000 Common stock, $10 par 100,000 Contributed capital, common stock 30,000 Retained earnings 57,000 Total liabilities and stockholders' equity $313,000 12/31/19 $ 7,000 51,000 18,000 60,000 4,000 130,000 (25,000) 50,000 $295,000 $ 40,000 6,000 4,000 10,000 69,000 100,000 30,000 36,000 $295,000