On January 1st 2020 The Skywalker and Vadar Companies had the following balance sheets:

Sky Walker Vadar cash 2,000,000 50,000 accounts receivable 1,000,000 80,000 inventory 1,000,000 50,000 equipment 1,000,000 100,000 accumulated depreciation 500,000 50,000 land 1,000,000 100,000 total assets 5,500,000 330,000 accounta payable 1,000,000 40,000 common stock $1 par 2,000,000 100,000 apic common stock 1,000,000 100,000 retained earnings 1,500,000 90,000