Smith Company Comparative Balance Sheets December 31,2018 and 2017 Assets 2018 2017 Cash Accounts Receivable Inventory Prepaid expenses Equipment $80,000 47,000 235,000 2,500 139,500 (36.625) $467,375 $73,500 50,625 251,800 1,875 108,000 (46,000) $439.800 yAccum. Depreciatiorn Total Assets Liabilities and Equity J Accounts payable $53,141 6,000 75,000 200,250 132,984 $467,375 $109,675 Utilities payable Notes payable Common stock $5 par value Retained earnings Total liabilities and equity 5,000 54,750 150,250 120,125 S439,800 Smith Company Comparative Balance Sheets December 31,2018 and 2017 Assets 2018 2017 Cash Accounts Receivable Inventory Prepaid expenses Equipment $80,000 47,000 235,000 2,500 139,500 (36.625) $467,375 $73,500 50,625 251,800 1,875 108,000 (46,000) $439.800 yAccum. Depreciatiorn Total Assets Liabilities and Equity J Accounts payable $53,141 6,000 75,000 200,250 132,984 $467,375 $109,675 Utilities payable Notes payable Common stock $5 par value Retained earnings Total liabilities and equity 5,000 54,750 150,250 120,125 S439,800