Question 2 Western Environmental Inc. Comparative Balance Sheet Information June 30 2020 2019 Cash 89,760 30,000 Accounts receivable (net) 90,000 73,200 Inventory 80,100 116,100 Prepaid expenses 6,420 6,180 Equipment 150,000 138,000 Accumulated depreciation 32,400 6,000 Accounts payable 30,000 37,200 Wages payable 7,200 18,000 Income taxes payable 2,820 4,260 Notes payable (long-term) 42,000 78,000 Common shares 270,000 210,000 Retained earnings 31,860 10,020