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Summer Days Corporation Comparative Balance Sheet December 31, 2019 and 2018 20192018 Current assets: Cash$ 140,000$ 90,000 Short-term investments90,00080,000 Accounts receivable, net350,000220,000 Inventory500,000430,000 Prepaid expenses
Summer Days Corporation Comparative Balance Sheet December 31, 2019 and 2018 20192018 Current assets: Cash$ 140,000$ 90,000 Short-term investments90,00080,000 Accounts receivable, net350,000220,000 Inventory500,000430,000 Prepaid expenses 30,00030,000 Total current assets $1,110,000$ 850,000 Property, plant, and equipment, net750,000500,000 Other assets 280,000300,000 Total assets $2,140,000$1,650,000 Current liabilities: Short-term notes payable$650,000$670,000 Accounts payable200,000225,000 Total current liabilities $850,000$895,000 Non-current debt380,000220,000 Total liabilities$1 230,000$1,115,000 Shareholders' equity. Common shares$500,000$500,000 Retained earnings410,00035,000 Total shareholders' equity$ 910,000$535,000 Total liabilities and shareholders' equitv$2,140,000$1,650,000 Natac. Not onlar (11 an JAN naft1. odatnasamba 31 0010 (U.S.) Summer Days Corporation Comparative Balance Sheet December 31, 2019 and 2018 20192018 Current assets: Cash$ 140,000$ 90,000 Short-term investments90,00080,000 Accounts receivable, net350,000220,000 Inventory500,000430,000 Prepaid expenses 30,00030,000 Total current assets $1,110,000$ 850,000 Property, plant, and equipment, net750,000500,000 Other assets 280,000300,000 Total assets $2,140,000$1,650,000 Current liabilities: Short-term notes payable$650,000$670,000 Accounts payable200,000225,000 Total current liabilities $850,000$895,000 Non-current debt380,000220,000 Total liabilities$1 230,000$1,115,000 Shareholders' equity. Common shares$500,000$500,000 Retained earnings410,00035,000 Total shareholders' equity$ 910,000$535,000 Total liabilities and shareholders' equitv$2,140,000$1,650,000 Natac. Not onlar (11 an JAN naft1. odatnasamba 31 0010 (U.S.)
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