Matthias Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2012 and 2013 follow. Matthias Medical Comparative Balance Sheet As of December 31 2013 2012 Assets Current assets Cash $382,600 $417,400 776,400 1,065,370 Accounts receivable, net Inventory 717,000 681,000 381,300 Other current assets 247,000 Total current assets 2,546,270 2,121,800 8,678,000 8,440, 100 Property, plant, & equipment, net $11,224,270 $10,561,900 Total assets Liabilities and Stockholders' Equity Current liabilities $3,162,800 $2,846,000 Long-term debt 3,702,600 3,892,600 Total liabilities 6,865,400 6,738,600 58,900 58,900 Preferred stock, $5 par value 103,800 Common stock, $0.25 par value 104,600 4,195,370 3,660,600 Retained earnings Total stockholders' equity 4,358,870 3,823,300 Total liabilities and stockholders' equity $11,224,270 $10,561,900