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lllies Corporation's comparative balance sheet appears below: Ending Beginning Balance Balance Assets: Current assets: Cash and cash equivalents $40,000 33,000 Accounts receivable 19,000 21,000 Inventory

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lllies Corporation's comparative balance sheet appears below: Ending Beginning Balance Balance Assets: Current assets: Cash and cash equivalents $40,000 33,000 Accounts receivable 19,000 21,000 Inventory 67000 69.00 Total current assets 126,000 123,000 Property, plant, and equipment...... 358,000 339,000 156 000 132.000 Less accumulated depreciation.................... Net property, plant, and equipment assets. .202.000 207 I000 $328,000 S330,000 Liabilities and Stockholders' Equity Current liabilities Accounts payable Accrued liabilities Income taxes payable 18,000 19,000 54,000 59,000 48,000 42 Total current liabilities 120,000 120,000 Bonds payable. 8600 Total liabilities.... 2000 209002 Stockholders equity: Common stock earnings. 23,000 22,000 103 000 02.000 Total stockholders' equity 126 000 124.000 Total liabilities and stockholders' equity $328,000 $330,000

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