Sudsy Days Balance Sheet December 31, 2018 Current Assets: Cash A/R Raw Materials Inventory Finished Goods Inventory Total Current Assets Plant Property & Equipment: Equipment Less: Accumulated Depreciation Total Assets Current Liabilities: Accounts Payable Assets Liabilities $ 58,000 22,000 1,200 5,400 $ 86,600 142,000 (47,000) 95,000 181,600 $ 8,000 Stockholders' Equity Common Stock, no par $ 120,000 Retained Earnings 53,600 Total stockholders' equity 173,600 Total Liabilities and Stockholders' Equity $ 181,600