Partial Balance Sheet 12/31/2019 ASSETS LIABILITIES Current Assets Current Liabilities Cash $4 Accruals $7 Accounts receivable 6 Accounts payable 4 Inventories 5 Total current liabilities Total current assets Long-term debt 20 Total Liabilities Gross Fixed assets 70 OWNERS' EQUITY Accumulated depreciation 10 Retained earnings (1) Net Fixed assets Common stock Intangible assets 0 Total owner's equity TOTAL ASSETS TOTAL LIABILITIES & OWNER'S EQUITY