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Question 4 of 6 Marx Designs operates an exclusive bridal boutique in Manhattan. All gowns are designed by Lang but are manufactured by various small

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Question 4 of 6 Marx Designs operates an exclusive bridal boutique in Manhattan. All gowns are designed by Lang but are manufactured by various small forms in France and Italy. Marx Designs December 31 December 31 Balance Sheets 2021 2020 Assets Current assets: Cash $65,450 $87,248 Accounts receivable 354,053 331.122 Inventory 1.801.250 1.774.200 Prepaid expenses 61,413 65.210 Total current assets 2.282,166 2.257.780 Building, furniture and equipment, net 1.631,284 1.631.284 Total assets $3.913.450 53.889.064 Liabilities and Stockholders' Equity Current liabilities: $73,058 Accounts payable $64,622 Bank loan payable 88.464 109.560 12.980 10.938 Other accrued payables Question 4 of 6

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