Heads Up Company was started several years ago by two hockey Instructors. The company's comparative balance sheets and income statement follow, along with additional information.

$\backslash$table$[[$Balance Sheet at December $31,$Current Year,Previous Year$],[\backslash$table$[[$Accounts Receivable$],[$Equipment$],[$Accumulated Depreciation$-$Equipment$]],\backslash$table$[[$$$6,120$