ment tatement Analysis of Financial Position. The inancial statemerds for XYZ Company for the ears 19x1 and 19X2 are given below Z Company Ralance Sheet Der 31, 19X1 and 19X2 19Xx2 19x1 ASSETS Current assets Cash Accounts receivable Inventory : S 200 600 s 150 300 Total current assets 51.400 Fxed assets s 900 (200) s 700 S 300 $2,400 Plant and equipment 5 700 Less: Accumulated depreciation 150) Net fixed assets Long-term investments S 400 $2.100 Total assets LIABILITIES AND STOCKHOLDERS' EOUITY Current liabilities Accounts payable s soo 50 S 850 S 150 S 400 100 Taxes payable Total current liabilities Bonds payable S 500 Stockholders' equity Capital stock s soo 600 S1 ,40 s 700 Retained earnings Total stockholders equity stockholders equity Total liabilitics and $2.400 $2.100 XYZ Company Income Statement For the Year Ended Dec. 31, 19X2 Sales Cost of goods sold Gross margin $900 200