Jeffersonson, Inc. Balance Sheets For the years ending December 31, 2011 and 2012) 2011 2012 Cash 500 500 Accounts receivable 2,800 2,400 Inventory 9,300 9,900 Current assets 12,600 12,800 Net fixed assets 48,200 61,400 Land 11,600 12,900 Total assets 72,400 87,100 Notes payable 1,200 1,000 Accounts payable 1,900 1,700 Accruals 100 Current portion of LT Debt 3,200 4,200 Current liabilities 6,400 6,900 Long-term debt 12,600 28,300 Common stock 21,000 20,000 Additional paid in capital 18,400 17,400 Retained earnings 14,000 14,500 Total liabilities and equity 72,400 87,100