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.