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Foster Fabricators prepared the following balance sheet in preparing a loan application. Dec.31. 2020 [396.31. 2019 Asset: Current assets: Cash and cash equivalents $248,005 $419,465
Foster Fabricators prepared the following balance sheet in preparing a loan application. Dec.31. 2020 [396.31. 2019 Asset: Current assets: Cash and cash equivalents $248,005 $419,465 Accounts recelvable 38.283 34.839 Inventory.r 15.043 15.332 Prepaid expenses and other current assets 39.965 34.795 Income tax receivable 58.152 16.48 8 Investments 415.199 338.592 Total current assets 814,647 859.51 1 Property. plant. &equipment. net 1.217.220 1.106.984 Longterm Investments 622.939 496.106 Other assets 70.260 64.716 Total assets $2.725.066 $2,527,317 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $85,709 $69,613 Accrued payroll and be nets 64.958 73.894 Accrued liabilities 129.275 102.203 Total current liabilities 279.942 245.710 Deferred liabilities 284.267 240.975 Other liabilities 32.883 28.263 Total liabilitles 597.092 514.948 Shareholders' eq uity: Common stock 358 354 Additional paid ln capital 954.988 861.843 Retained earnings 1.172.628 1.150.172 Total shareholders' equity' 2.127.974 2.012.369 Total liabilities and shareholders' equity $2.725.066 $2,527,317
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