GeneralProducts, Inc. Balance Sheet As of December 31, 2021 ASSETS Current Assets Cash 11,980 Accounts Receivable 20,520 Merchandise Inventory 317,060 Total Current Assets 349,560 Long-Term Assets Investments 66,775 Property, Plant and Equipment (PP&E) 750,000 Less: Accumulated Depreciation (90,000)660,000 Total Long-Term Assets 726,775 Intangible Assets Trademarks 200,000 Less: Accumulated Amortization (10,000)190,000 Total Assets 1,266,335 LIABILITIES Accounts Payable 50,722 Total Liabilities 50,722 STOCKHOLDERS' EQUITY Common Stock (300,000 shares authorized, par value $1, 200,000 shares issued and outstanding) 200,000 Paid-in Capital in Excess of Par - Common Stock 979,278 Retained Earnings 36,335 Total Stockholders' Equity 1,215,613 Total Liabilities and Stockholders' Equity 1,266,335