P13-6C Presented below are the financial statements of Jang Company. JANG COMPANY Comparative Balance Sheets December 31 Assets 2011 2010 Cash $ 24,000 33,000 Accounts receivable 25,000 14,000 Merchandise inventory 41,000 25,000 Property, plant, and equipment Less: Accumulated depreciation $ 69,000 (26,000) $ 78,000 43,000 (24,000) Total $133.000 54,000 $126.000 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $ 30,000 $ 43,000 25,000 20,000 20,000 10,000 25,000 25,000 33,000 28,000 $133,000 $126.000