ASSETS Current Assets Cash Accounts Receivable Merchandise Inventory $240,402 $102, 100 Total Current Assets $130,000 $198,000 Property, Plant & Equipment $-28,200 $-21,300 Less: Accumulated Depreciation $342,202 $278,800 TOTAL ASSETS LIABILITIES AND EQUITY Liabilities Current Liabilities Accounts Payable Bank Loan-Current Portion Total Current Liabilities Bank Loan-Long-Term Portion TOTAL LIABILITIES Shareholders' Equity Share Capital $149,202 $132,400 Retained Earnings TOTAL SHAREHOLDERS' EQUITY $233,202 $188,500 $342,202 $278,800 TOTAL LIABILITIES AND EQUITY Joe's Fish Hut Balance Sheet As at July 31 2019 $191,702 $24,400 $24,300 $31,700 $6,300 $38,000 $71,000 $109,000 $84,000 2018 $55, 700 $16,900 $29,500 $41,000 $6,300 $47,300 $43,000 $90,300 $56,100