Instructions Question 33 20 pts FRANKLIN CORPORATION Comparative Balance Sheet December 31 2020 2019 Assets Cash Accounts receivable (net) Inventory Land $ 4,000 $ 6,000 16,000 12,000 20,000 18,000 28,000 8,000 62,000 60,000 (20.000) (14.000) $110.000 $90.000 Machinery Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Long-term notes payable Common stock ($10 par value) Retained earnings Total liabilities and stockholders' equity $ 10,000 $16,000 34,000 19.000 50,000 50,000 16.000 5.000 $110.000 $90.000 FRANKLIN CORPORATION REDESIGNED RELIABLE READY FOR YOU Instructions Question 33 20 pts FRANKLIN CORPORATION Comparative Balance Sheet December 31 2020 2019 Assets Cash Accounts receivable (net) Inventory Land $ 4,000 $ 6,000 16,000 12,000 20,000 18,000 28,000 8,000 62,000 60,000 (20.000) (14.000) $110.000 $90.000 Machinery Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Long-term notes payable Common stock ($10 par value) Retained earnings Total liabilities and stockholders' equity $ 10,000 $16,000 34,000 19.000 50,000 50,000 16.000 5.000 $110.000 $90.000 FRANKLIN CORPORATION REDESIGNED RELIABLE READY FOR YOU