rch Cullumber Medical manufactures hospital beds and other institutional furniture. income statement for 2019 and 2020 follow. Cullumber Medical Comparative Balance Sheet As of December 31 2020 2019 Assets Current assets Cash $397,000 $417,450 Accounts receivable, net 1,089,000 776,400 Inventory 733,000 681,050 Other current assets 381,400 247,100 Total current assets 2,600,400 2,122,000 Property, plant, & equipment, net 8.616.295 8,439,830 Total assets $ 11,216,695 $ 10,561,830 Liabilities and Stockholders' Equity Current liabilities $3,156,000 $2,846,050 Long-term debt 3,702,600 3,892,600 Total liabilities 6,858,600 6,738,650 Preferred stock, $5 par value 58,950 58,950 Common stock, $0.25 par value 104,650 103,850 Retained earnings 4,194,495 3,660,380 Total stockholders' equity 4,358,095 3,823,180 Total liabilities and stockholders' equity $ 11,216,695 $10,561,830 E a