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Problem 17-9A Condensed financial data of Cheng Inc. follow. CHENG INC. Comparative Balance Sheets December 31 Assets 2014 2013 Cash $89,970 $47,850 Accounts receivable 91,780

Problem 17-9A

Condensed financial data of Cheng Inc. follow.

CHENG INC. Comparative Balance Sheets December 31

Assets

2014

2013

Cash

$89,970

$47,850

Accounts receivable

91,780

32,870

Inventory

111,030

102,640

Prepaid expenses

28,220

25,630

Investments

137,370

113,880

Equipment

270,710

242,980

Accumulated depreciation

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