jerry corporation

Jerry Corporation The following are the account balances of Jerry Corporation for 2X20 and 2X21. 12/31/2X20 12/31/2X21 Accumulated depreciation P2,019,000 P2,674,000 Accounts payable 1,809,000 2,060,000 Accounts receivable 2,487,000 2,688,000 Cash 1,303,000 1,162,000 Common stock 4,998,000 4,998,000 Inventory 5,807,000 6,029,000 Long-term debt 7,790,000 8,200,000 Property, plant, and equipment 8,393,000 9,200,000 Retained earnings 1,374,000 1,147,000 Requirement: Using the given information, compute for (2 items x 5 points): 1. Statement of Financial Position for 2X20. 2. Statement of Financial Position for 2X21