ABC Company Balance Sheet December 31, 20XX Assets Current assets Cash Accounts recievable Interest receivable Inventory Total current assets Long-term assets Equipment (net of depreciation) Total long-term assets Total assets S S 92,000 21,000 1,000 30 ooo 144,000 128.000 128,000 272 ooo Liabilities Current liabilities Accounts payable Interest payable Total current liabilities Long-term liabilities Note payable Total long-term liabilities Equity Common stock Paid-in capital Retained earnings Total equity Total liabilities and equity S S 18,000 8 ooo 26,000 90 000 90,000 10,000 50,000 96 000 156.000 272 ooo