Greasy Spoon Restaurant

Balance Sheet

ASSETS

$20212020$

Cash $$12,000$ $$31,000$

Marketable Securities $66,00082,000$

Accts. Rec. $152,000104,000$

Inventories $191,000145,000$

Total Current Assets $$421\mathrm{.}000$ $$362,000$

Gross Fixed Assets $$195,000$ $$180,000$

Less: Accumulated Depreciation $63,00052,000$

Net Fixed Assets $$132,000$ $$128,000$

Total Assets $$553,000$ $$490,000$

Liabilities and Equity

A$/$P $$136,000$ $$126,000$

Notes Payable $200,000190,000$

Accruals $27,00025,000$

Total Current Liabilities $$363,000$ $$341,000$

Long Term debt $38,00040,000$

Total Liabilities $$401,000$ $$381,000$

Equity

Common Stock $(100,000$ shares $$\mathrm{.}20$ par$)$ $ $20,000$ $ $20,000$

Paid in capital in excess of par $30,00030,000$

Retained earnings $102,00059,000$

Total Equity $$152,000$ $$109,000$

Total Liabilities and Equity $$553,000$ $$490,000$