Financial statements for Perez Company follow PEREZ COMPANY Balance Sheets As of December 31 2019 2018 Assets Current assets s 21,500 17,500 7,100 44,000 145,000 11,000 224,600 25,000 250,000 24,000 $523,600 Cash Marketable securities Accounts receivable (net) Inventories Prepaid items 21,100 52,000 137,000 26,000 257,600 32,000 265,000 29,000 $583,600 Total current assets InvestmentS Plant (net) Land Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable $ 30,200 98,800 26,000 155,000 12,900 85,000 20,000 117,900 Total current liabilities Noncurrent liabilities 150,000 26,000 176,000 331,000 150,000 21,000 171,000 288,900 Bonds payable Other Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock, (par value $10, 5% cumulative, non-participating; 6,000 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued) Retained earnings 60,000 60,000 132,600 252,600 $583,600 60,000 60,000 114,700 234,700 $523,600 Total stockholders' equity Total liabilities and stockholders' equity