Monty's Custom Clothing (MCC) sells branded clothing to resorts and corporations. The company's comparative financial statements are presented below. MONTY'S CUSTOM CLOTHING STATEMENT OF FINANCIAL POSITION December 31 Current Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets 2020 2019 150,000 77,400. 32,000 24,200 67,000 44,200 10,200 3,100 259,200 148,900 Property and equipment Property and equipment 99.000 144,000 Less: Accumulated depreciation 52,600 75,200 Net property and equipment 46,400 68,800 TOTAL ASSETS $305,600 $217,700