Koonce Office Supplies Balance Sheet December 31, 2022 Cash $195000 Accounts payable $210000 Accounts receivable 150000 Salaries and wages payable 30000 Inventory 165000 Mortgage payable 240000 Prepaid insurance 90000 Total liabilities $480000 Stock investments 255000 Land 270000 Buildings $315000 Common stock $360000 Less: Accumulated (60000) 255000 Retained earnings 750000 depreciation Total stockholders' Goodwill 210000 $1110000 equity Total assets $1590000 Total liabilities and stockholders' equity $1590000 $255000 $0 $525000 $465000