The comparative balance sheet of Amelia Enterprises, Inc. at December 31, 2014 and 2013, is as follows: Dec. 31, Dec. 31 2013 2014 Assets $74,040 $91,210 Cash Accounts receivable (net) 113,770 122,960 Merchandise inventory 162,520 152,390 6,620 Prepaid expenses 4,620 Equipment 331,070 273,040 Accumulated depreciation-equipment (86,080) (66,960) Total $601,940 $577,260 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $126,410 $120,650 173,180 Mortgage note payable Common stock, $1 par 19,000 12,000 Paid-in capital in excess of par common stock 268,000 163,000 Retained earnings 188,530 108,430 Total $601,940 $577,260