Problem 12-7A (Part Level Submission) The following are the financial statements of Splish Brothers Inc. Splish Brothers Inc. Comparative Balance Sheets December 31 2019 2018 Assets Cash Accounts receivable Inventory Equipment Accumulated depreciation-equipment (29,700) (23,500) $36,400 $20,600 18,700 20,000 77,000 33,000 29,700 59,800 Total $129,200 $112,800 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earning:s $29,000 $16,200 8,300 33,000 14,300 41,000 $129,200 $112,800 7,500 27,400 18,600 46,700 Total