Question 5 of 5 < > View Policies Current Attempt in Progress Martinez Ski Haus had the following statements prepared as of December 31, 2020. MARTINEZ SKI HAUS COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 12/31/20 12/31/19 Cash $2,500 $4,000 Accounts receivable 102,000 98,000 Short-term debt investments (available-for-sale) 98,000 121,000 Inventories 92,000 48,000 Prepaid insurance 4,000 6,100 Ski equipment 88,000 44,000 Accumulated depreciation-equipment (23,500) (18,000) Trademarks 78,000 85,000 Total assets $441,000 $388,100 Accounts payable $93,500 $72,000 Income taxes payable 21,600 15,000 Wages payable 4,000 9,000 Short-term loans payable 23,500 0 Long-term loans payable 76,200 124,000 Common stock, $1 par 100,000 100,000 Additional paid-in capital 20,000 20,000 Retained earnings 102,200 48,100 Total liabilities & stockholders' equity $441,000 $388,100 -/1 E 1