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Tim's Coffee Shoppe Balance Sheet December 31, 2017 Assets Current assets: Cash Supplies Inventory. Prepaid Insurance Prepaid rent. Total current assets Property, plant, and equipment: Office and store equipment Less accumulated depreciation Total property, plant, and equipment... Total assets... ..$32,114.75 $12,040.00 $ 2,070.80 $ 2,430.50 $48,655.26 $35,015.25 $ 7,125.89 $27,889.36 $76,544.62 Liabilities $ 1,340.00 $ 112.90 $ 1,245,83 $ 2,698.73 Current liabilities: Accounts payable Salaries payable Current portion: bank loan payable Total current liabilities. Long-term liabilities: Long-term portion: bank loan payable Total long-term liabilities ..$ 3,895.38 ..$3,895.38 Shareholder's Equity Shareholder's equity $69,950.51