FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri -11 AA Paste BIU w Clipboard G Font G Alignment Number Conditional Format as Cell Cells Editing Formatting Table Styles Styles B35 v x fx A B C D 1 Condensed financial statements for Games Galore are summarized below: 4 2 3 Balance Sheet 4 Cash 2016 2015 $ 185,000 $ 143,000 5 Accounts Receivable, Net 6 Inventory 7 Prepaid Insurance 8 Total Current Assets 9 Property and Equipment, Net 80,000 59,000 104,000 134,000 11,900 5,880 380,900 341,880 514,500 407,000 10 Total Assets 11 $ 895,400 $ 748,880 12 Current Liabilities 13 Long-term Liabilities $ 85,300 $ 96,800 284,000 224,000 14 Total Liabilities 369,300 320,800 15 Contributed Capital 299,000 299,000 16 Retained Earnings 227,100 129,080 17 Total Stockholders' Equity 526,100 428,080 18 Total Liabilities and Stockholders' Equity S 895,400 $ 748,880 19 20 Income Statement 21 Net Sales (all on account) $ 3,031,000