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The comparative balance sheet of Livers Inc. for December 31, 20Y3 and 20Y2, is shown as follows: 2 Dec. 31, 2013 Dec. 31, 2012
The comparative balance sheet of Livers Inc. for December 31, 20Y3 and 20Y2, is shown as follows: 2 Dec. 31, 2013 Dec. 31, 2012 Assets 5 Cash $155,000.00 $150,000.00 Accounts receivable (net) 5 Inventories 450,000.00 400,000.00 770,000.00 750,000.00 6 Investments 0.00 100,000.00 7 Land 500,000.00 0.00 Equipment 1,400,000.00 1,200,000.00 9 Accumulated depreciation-equipment (600,000.00) (500,000.00) 10 Total assets $2,675,000.00 $2,100,000.00
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