Oakley Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Investments Equipment 2020 2019 $82,400 $46,400 89,300 57,000 129,300 100,800 83,900 85,000 254,000 207,000 Accumulated depreciation-equipment (49,400) (41,000) $589,500 $455,200 Liabilities and Stockholders' Equity Accounts payable. $56,600 $47,800 Accrued expenses payable 12,000 19,100 Bonds payable 100,000 69,000 Common stock Retained earnings 255,000 204,000 165,900 115,300 $589,500 $455,200