The balance sheet and income statement of Cookie & Coffee Creations Inc. for its first year of operations, the year ended October 31 2021, follows COOKIE & COFFEE CREATIONS INC. Balance Sheet October 31, 2021 Current assets Cash Accounts receivable Inventory Prepaid expenses Property, plant, and equipment Furniture and fixtures Accumulated depreciation-furniture and foxtures Computer equipment Accumulated depreciation-computer equipment Kitchen equipment Accumulated depreciation-kitchen equipment Total assets Assets $86.219 3250 17,897 6300 $113666 $12.500 (1.250) 11.250 4,200 (600) 3600 29,000 (2.050) 26.950 41.800 $155,466 Current liabilities Accounts payable Income tax payable Liabilities and Stockholders' Equity $5.848 19690 700 2.250 188 4000 $32.676 Dividends payable Salaries and wages payable Interest payable Note payable-current portion Long-term liabilities Note payable-long term portion Total liabilities Stockholders equity Paid-in capital Preferred stock, 2.800 shares issued and outstanding $14,000 Common stock 25.930 shares issued 25 100 outstanding 25.930 32930 6.000 38.676)