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Please help, need help ASAP! Thank you in advance! Condensed financial data of Novak Corp. follow. Novak Corp. Comparative Balance Sheets December 31 Assets 2022
Please help, need help ASAP! Thank you in advance!
Condensed financial data of Novak Corp. follow. Novak Corp. Comparative Balance Sheets December 31 Assets 2022 2021 Cash $ 234,320 $ 140,360 Accounts receivable 254,620 110,200 Inventory 326,250 298,265 Prepaid expenses 82,360 75,400 Long-term investments 400,200 316,100 Plant assets 826,500 703,250 Accumulated depreciation (145,000) (150,800) Total $1,979,250 $1,492.775 Liabilities and Stockholders' Equity Accounts payable $295.800 $ 195,170 Accrued expenses payable 47.850 60.900 Bonds payable 319,000 423.400 Common stock 638,000 507.500 Retained earnings 678.600 305.805 Total $1.979.250 $1.492.775 Question 4 of 4 Step by Step Solution
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