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 2012 2013 Assets Current assets $382,600 $417,400 Cash 776,400 Accounts receivable, net 1,065,370 Inventory 717,000 681,000 381,300 Other current assets 247,000 2,121,800 Total current assets 2,546,270 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 3,702,600 3,892,600 Long-term debt 6,865,400 6,738,600 Total liabilities Preferred stock, $5 par value 58,900 58,900 Common stock, $0.25 par value 104,600 103,800 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