January 1, 2015 December 31, 2015 Cash 1,200,000 1,159,756 Accounts receivable 2,062,500 2,247,000 Inventories 2,750,000 3,030,000 Stock investment 1,125,000 1,075,000 State of Montana bonds 375,000 375,000 Certificates of Deposit 400,000 400,000 Prepaid federal tax 0 3,977 Buildings and other depreciable assets 4,805,000 5,305,000 Accumulated depreciation (727,000) (1,602,000) Land 812,500 812,500 Other assets 140,000 178,500 Total assets 12,943,000 12,984,733 Accounts payable 2,284,000 1,975,000 Other current liabilities 175,000 155,000 Mortgages 4,625,000 4,575,000 Capital stock 2,500,000 2,500,000 Retained Earnings 3,359,000 3,779,733 Total liabilities and equity 12,943,000 12,984,733