The balance sheet data of Monty Company at the end of 2020 and 2019 are shown...

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The balance sheet data of Monty Company at the end of 2020 and 2019 are shown below. 2020 2019 Cash $29,700 $35,400 Accounts receivable (net) 54,900 44,600 Inventory 64,700 45,000 Prepaid expenses 14,900 24,700 Equipment 89,200 75,300 Accumulated depreciation-equipment (17,840 ) (8,100) Land 69,700 40,000 $305.260 $256,900 Accounts payable $64,300 $51,800 Accrued expenses 14.900 17.800 Notes payable-bank, long-term -0- 23.100 Bonds payable 30,300 -0- Common stock, $10 par 188,500 158,800 The balance sheet data of Monty Company at the end of 2020 and 2019 are shown below. 2020 2019 Cash $29,700 $35,400 Accounts receivable (net) 54,900 44,600 Inventory 64,700 45,000 Prepaid expenses 14,900 24,700 Equipment 89,200 75,300 Accumulated depreciation-equipment (17,840 ) (8,100) Land 69,700 40,000 $305.260 $256,900 Accounts payable $64,300 $51,800 Accrued expenses 14.900 17.800 Notes payable-bank, long-term -0- 23.100 Bonds payable 30,300 -0- Common stock, $10 par 188,500 158,800