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Question 8 of 11 < > View Policies Current Attempt in Progress Lendell Company has these comparative balance sheet data: Lendell Company Balance Sheets

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Question 8 of 11 < > View Policies Current Attempt in Progress Lendell Company has these comparative balance sheet data: Lendell Company Balance Sheets December 31 2020 2019 Cash $15,000 $ 29,000 Accounts receivable (net) 71,000 60,000 Inventory 60,000 50,000 Plant assets (net) 199,000 178,000 $345,000 $317,000 Accounts payable $50,000 $60,600 Mortgage payable (15%) 105,500 105,500 Common stock, $10 par 142,000 121,000 Retained earnings 47,500 29,900 $345,000 $317,000

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