Forever&Ever Corporation Balance Sheet at December 31, 2020 Assets Current Assets Cash and cash equivalents $ 42,000 Short-term investments $ 71,000 Accounts Receivable $ 62,500 Less Allowance for Uncollectible Accounts $ 4,100 Net Accounts receivables Inventories $ 191,000 Prepaid insurance $ 7,000 Total current assets Investments Marketable securities Land held for sale Bond sinking fund Total investments Property, plant, and equipment Land Buildings Equipment Total P,P, and E Less Accumulated depreciation Net Property, plant, and equipment Intangibles Patents Total Assets $ 29,000 $ 23,000 $ 15,000 $ 178,000 $ 690,000 $ 255,000 $ (163,000) $ 30,000 Liabilities and Shareholders' Equity Current liabilities Accounts payable $ 98,000 Interest payable $ 18,600 Note payable $ 12,000 Current maturities of long-term debt Total current liabilities $ 32,300 Long-term liabities Notes payable $ 92,000 Bonds payable $ 240,000 Total long-term liabilities Shareholders' equity Common stock $ 680,000 Retained earnings $ 253,500 Total shareholders' equity Total Liabilities and Shareholders Equity