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The balance sheet for GameStonk Inc. for December 31 of 2020 and 2021 is shown below: Assets 2020 2021 Liabilities & equity 2020 2021 Cash

The balance sheet for GameStonk Inc. for December 31 of 2020 and 2021 is shown below:

Assets 2020 2021 Liabilities & equity 2020 2021
Cash 2,700 3,600 Accounts payable 3,780 3,402
Accounts receivable 7,560 9,000 Accruals 2,700 2,500
Inventory 8,100 11,400 Notes payable 1,620 1,220
Current assets 18,360 24,000 Current liabilities 8,100 7,122
Land 13,500 13,500 Long-term debt 9,720 10,120
Buildings 8,100 12,000 Total liabilities 17,820 17,242
Equipment 21,600 27,000 Common stock 7,020 8,424
Accumulated depr. 7,560 16,500 Retained earnings 29,160 34,334
Net fixed assets

35,640

36,000

Total equity 36,180 42,758
Total assets

54,000

60,000 Total liab. & equity 54,000 60,000

Attempt 1/1

Part 1

Which of the following statements are true about 2021?

Check all that apply:

The company increased its short-term debt.

The company issued new long-term debt.

The company repurchased some common stock.

The company issued new common stock.

Net income was positive.

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