RESOURCES ent 1 Question 3 The following financial information is for Priscoll Company. Priscoll Company Assets Cash Debt investments (short-term) Accounts receivable Inventory Prepaid expenses Land Building and equipment (net) Total assets Balance Sheets December 31 2020 2019 $ 133,000 $ 123,500 104,500 76,000 197,600 171,000 437,000 313,500 47,500 43,700 247,000 247,000 494,000 351,500 $1,660,600 $1,326,200 Liabilities and Stockholders' Equity Notes payable (short-term) Accounts payable Accrued liabilities Bonds payable, due 2023 Common stock, $10 par Retained earnings Total liabilities and stockholders' equity $323,000 $228,000 123,500 98,800 76,000 76,000 475,000 323,000 380,000 380,000 283,100 220,400 $1,660,600 $1,326,200 Driscoll Company -2021 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc.