Following are the financial statements and other supplementary information for Baby Pat Furniture Company for its year$-$ended December $31,2008$:

Baby Pat Furniture Company

Comparative Balance Sheet

As at December $31,2008$

$\backslash$table$[[$Current Assets:,$2008,2007,\backslash$table$[[$Change in$],[$Balance$]]],[149,020],[$Cash$,$$$197,060,$$$48,000,148,060],[$Accounts Receivable $($net$),84,000,72,000,12,000],[$Inventory$,95,200,91,000,4200],[$Prepaid Expenses,$11,500,14,000,(2500)$