Example 1: Balance sheet to December 31, 2015 Owner's Equity 1899 Building Accumulated depreciation for Net: Building Retained Earnings

Example 1: Balance sheet to December 31, 2015 Total assets Current assets Inventories Account receivables Cash Long-term assets Building Accumulated depreciation for Buildin Net: Building Land ? Total capital Short-term debts Note payable 800 Long-term debts 150 300 Loans ? Owner's Equity Common stock 850 Preferred stock 350 Retained Earnings Profit 33 118 1899 850 100 300