STAUTTNER, INC. Statement of Financial Position December 31 Assets 2020 2019 Cash $70,559 $41,050 Accounts receivable 65,000 62,000 Inventories 120,060 123,700 Prepaid expenses 6,500 6,200 Property, plant, and equipment 245,000 240,000 Accumulated depreciation (74,500) (72,000) Intangible assets 54,180 46.000 $486,799 $446,950 Liabilities and Shareholders' Equity Accounts payable $46.800 $41,000 Wages payable 17,000 15,500 Income taxes payable 1,250 1,750 Bonds payable 95.000 110,000 Common shares 175,000 175,000 Retained earnings 151,749 103,700 $486,799 $446,950