ELCAMINO COMPANY Comparative Balance Sheet December 31, 2020 2019 Assets Cash $25,000 $40,000 Debt investments 20,000 60,000 Accounts receivable (net) 50,000 30,000 Inventory 140,000 170,000 Property, plant and equipment (net) 170,000 200,000 Total assets $405,000 $500,000 Liabilities and stockholders' equity Accounts payable $25,000 $ 30,000 Short-term notes payable 40,000 90,000 Bonds payable 75,000 160,000 Common stock 160,000 145,000 Retained earnings 105,000 75,000 Total liabilities and stockholders' equity $405,000 $500,000