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Swifty CorporationBalance SheetDecember 31, 2022 Cash $198000 Accounts payable $206000 Accounts receivable 151000 Salaries and wages payable 27000 Inventory 155000 Mortgage payable 231500 Prepaid insurance
Swifty CorporationBalance SheetDecember 31, 2022
Cash
$198000
Accounts payable
$206000
Accounts receivable
151000
Salaries and wages payable
27000
Inventory
155000
Mortgage payable
231500
Prepaid insurance
92600
Total liabilities
$464500
Stock investments
252000
Land
284000
Buildings
$316000
Common stock
$414600
Less: Accumulated depreciation
(58000)258000
Retained earnings
726500
Goodwill
215000
Total stockholders' equity
$1141100
Total assets
$1605600
Total liabilities and stockholders' equity
$1605600
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