Newman Corporation's comparative balance sheets are presented below. Newman Corporation Comparative Balance Sheet December 31 Assets Cash 2020 2019 $15,200 $17,700 Accounts receivable 25,200 22,300 Investments (long-term) 20,000 16,000 Equipment 60,000 70,000 Accumulated depreciation (14,000) (10,000) Total Assets $106,400 $116,000 Liabilities & Stockholder Equity Accounts payable $14,600 $11,100 Bonds payable 10,000 30,000 Common stock (S1 par) 50,000 45,000 Retained earnings 31.800 29,900 Total Liabilities & Stockholder Equity $106,400 $116,000