Elizabeth Hotels Balance Sheet As at December 31 2020 2019 Assets Current Assets Cash $128,910 $78,500 Accounts Receivable $46,700 $28,900 Inventory $78,800 $45,500 Total Current Assets $254,410 $152,900 Land $96,000 $105,000 Equipment $101,000 $139,000 Accumulated Depreciation $-54,000 $-70,000 Total Assets $397,410 $326,900 Liabilities and Equity Liabilities Current Liabilities Accounts Payable $42,900 $69,100 Taxes Payable $26,900 $26,900 Total Current Liabilities $69,800 $96,000 Notes Payable