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numbers 7-10 only DOWNY'S CREEK RETAIL, INC STATEMENTOF FINANCIAL POSITION As of December 31, 2019 and 2018 2019 2018 ASSETS CURRENT ASSETS Cash and Cash
numbers 7-10 only
DOWNY'S CREEK RETAIL, INC STATEMENTOF FINANCIAL POSITION As of December 31, 2019 and 2018 2019 2018 ASSETS CURRENT ASSETS Cash and Cash Equivalents Accounts Receivable Inventory Total Current Assets NON - CURRENT ASSETS 354,885.65 120,870.30 1,704,510.00 2,180,265.95 2,317,000.00 451.421.31 263,141.60 1.071.412.00 1.785.974.91 2,228,500.00 TOTAL ASSETS 4,497,265.95 4,014,474.91 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts Payable 604,065.76 Income Taxes Payable 125,17840 TOTAL CURRENT UABILITIES 729,244.16 451,712.33 120,823.73 572,536,06 250,000.00 684.000,00 934,000.00 100,000.00 800,000.00 900.000,00 LONG-TERM LIABILITIES Bank loan Advances from Stockholders TOTAL LONG-TERM LIABILITIES STOCKHOLDERS' EQUITY Capital Stock Retained Earnings TOTAL STOCKHOLDERS' EQUITY TOTAL LIAB. & SHE 2,500,000.00 334,021.79 2,834,021.79 4,497,265.95 2,500,000.00 41,938.85 2,541,938.85 4,014,474.91 DOWNY'S CREEK RETAIL, INC STATEMENTOF FINANCIAL POSITION As of December 31, 2019 and 2018 2019 2018 ASSETS CURRENT ASSETS Cash and Cash Equivalents Accounts Receivable Inventory Total Current Assets NON - CURRENT ASSETS 354,885.65 120,870.30 1,704,510.00 2,180,265.95 2,317,000.00 451.421.31 263,141.60 1.071.412.00 1.785.974.91 2,228,500.00 TOTAL ASSETS 4,497,265.95 4,014,474.91 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts Payable 604,065.76 Income Taxes Payable 125,17840 TOTAL CURRENT UABILITIES 729,244.16 451,712.33 120,823.73 572,536,06 250,000.00 684.000,00 934,000.00 100,000.00 800,000.00 900.000,00 LONG-TERM LIABILITIES Bank loan Advances from Stockholders TOTAL LONG-TERM LIABILITIES STOCKHOLDERS' EQUITY Capital Stock Retained Earnings TOTAL STOCKHOLDERS' EQUITY TOTAL LIAB. & SHE 2,500,000.00 334,021.79 2,834,021.79 4,497,265.95 2,500,000.00 41,938.85 2,541,938.85 4,014,474.91Step by Step Solution
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