MUIN COMPANY Comparative Statement of Financial Position Dec. 31, 2020 Dec. 31, 2019 Assets Cash $60,000 $42,000 Accounts receivable 79,000 59,000 Inventories 130,000 97,000 Property, plant, and equipment 280,000 240,000 Accumulated depreciation (79,500) (70,000) Land 86,000 102,000 $555,500 $470,000 Liabilities and shareholders' equity Accounts payable Income taxes payable Bonds payable $59,000 $45,000 12,000 17,000 118,400 108,000