Problem 12-09A Condensed financial data of Concord Corporation follow Concord Corporation Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Investments Equipment Accumulated depreciation-equipment 2020 2019 $107,600 $47,800 33,100 111,900 102,100 25,900 139,800 113,700 264,100 241,800 91,900 29,400 (47,700) (51,000) Total $697,000 $513,400 Liabilities and Stockholders Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings $111,400 $67,400 17,200 117,100 149,500 219,000 175,100 233,000 104,200 $697,000 $513,400 16,500 Total