Problem 17-07A (Video) The following are the financial statements of Nosker Company. NOSKER COMPANY Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Equipment Accumulated depreciation-equipment 2020 2019 $34,600 $%19,900 19,050 26,400 20,150 77,500 (29,450) (23,250) 32,450 59,000 Total $123,000 $113,350 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings $28,500 16,050 7,250 27,200 17,400 42,650 8,300 33,150 14,050 41,800 $123,000 $113,350 Total NOSKER COMPANY For the Year Ended December 31, 2020 $241,750 176,950 Sales revenue Cost of goods sold