- Rearrange the income statement to reflect dues are operating revenues and depreciation is an operating expense. Think "Equity Additions" \begin{tabular}{|l|ll|ll|ll|} \hline Total Assets & 5 & 21,672,703 & 5 & 22,420,382 & $ & 23,256,240 \\ \hline \end{tabular} \begin{tabular}{|l|lr|lr|lr|} \hline Accounts Payable & 5 & 503,979 & 5 & 396,753 & 5 & 371,187 \\ \hline Accrued Expenses & 5 & 502,760 & 5 & 387,450 & 5 & 394,114 \\ \hline Other Short-Term Liabilities & 5 & 515,480 & 5 & 459,054 & 5 & 433,620 \\ \hline Short-Term Notes Payable & 5 & 597,164 & 5 & 802,149 & 5 & 618,768 \\ \hline Total Current Liabilities & 5 & 2,119,383 & 5 & 2,045,406 & 5 & 1,817,689 \\ \hline \end{tabular} \begin{tabular}{|l|lr|lr|lr|} \hline Long-Term Liabilities & $ & 11,827 & $ & 659,160 & $ & 1,465,152 \\ \hline Membership Deposits & $ & 508,665 & $ & 530,365 & $ & 577,965 \\ \hline Total Liabilities & $ & 2,639,875 & $ & 3,234,931 & $ & 3,860,806 \\ \hline \end{tabular} \begin{tabular}{|l|ll|ll|ll|} \hline Equity & $ & 19,032,827 & $ & 19,185,449 & S & 19,395,433 \\ \hline Total Liabilities \& Equity & $ & 21,672,702 & $ & 22,420,380 & $ & 23,256,239 \\ \hline \end{tabular} - Rearrange the income statement to reflect dues are operating revenues and depreciation is an operating expense. Think "Equity Additions" \begin{tabular}{|l|ll|ll|ll|} \hline Total Assets & 5 & 21,672,703 & 5 & 22,420,382 & $ & 23,256,240 \\ \hline \end{tabular} \begin{tabular}{|l|lr|lr|lr|} \hline Accounts Payable & 5 & 503,979 & 5 & 396,753 & 5 & 371,187 \\ \hline Accrued Expenses & 5 & 502,760 & 5 & 387,450 & 5 & 394,114 \\ \hline Other Short-Term Liabilities & 5 & 515,480 & 5 & 459,054 & 5 & 433,620 \\ \hline Short-Term Notes Payable & 5 & 597,164 & 5 & 802,149 & 5 & 618,768 \\ \hline Total Current Liabilities & 5 & 2,119,383 & 5 & 2,045,406 & 5 & 1,817,689 \\ \hline \end{tabular} \begin{tabular}{|l|lr|lr|lr|} \hline Long-Term Liabilities & $ & 11,827 & $ & 659,160 & $ & 1,465,152 \\ \hline Membership Deposits & $ & 508,665 & $ & 530,365 & $ & 577,965 \\ \hline Total Liabilities & $ & 2,639,875 & $ & 3,234,931 & $ & 3,860,806 \\ \hline \end{tabular} \begin{tabular}{|l|ll|ll|ll|} \hline Equity & $ & 19,032,827 & $ & 19,185,449 & S & 19,395,433 \\ \hline Total Liabilities \& Equity & $ & 21,672,702 & $ & 22,420,380 & $ & 23,256,239 \\ \hline \end{tabular}