Problem 13-8A Presented below are the financial statements of Rajesh Company. Rajesh Company Comparative Balance Sheets December 31, ssets. 2014 2013 Cash $37,400 $19,690 Accounts receivable 32,450 19,300 Inventory 30,660 20,260 Equipment 59,390 77,080 Accumulated depreciation-equipment (29,980) (23,560) Total $129,920 $112,770 Liabilities and Stockholders' Equity Accounts payable $28,810 16,040 Income taxes payable 7,200 8,340 Bonds payable 27,500 32,770 Common stock 17,100 13,360 Retained earnings 49,310 42,260 Total $129,920 $112,770 Rajesh company Income For the Year Ended December 31, 2014 Sales revenue $242,930 Cost of goods sold 175920