Pharoah Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 follow. Pharoah Medical Comparative Balance Sheet As of December 31 Current assets cash Accounts receivable, net I nventory Other current assets Total current assets Property, plant, & equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities Long-term debt Total liabilities Preferred stock, $5 par value Common stock, $0.25 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 2020 $387,000 727,000 381,350 $3,16zooo 58,950 104,650 2019 $417,400 77$500 681,100 247,050 58,900 103,900 3,660,295 $10561,695