The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Dec. 31, 20Y8 Dec. 31, 20Y7 Assets Cash $64,310 $78,570 Accounts receivable (net) 98,820 105,910 Inventories 141,180 131,270 Prepaid expenses 5,750 3,980 Equipment 287,580 235,200 Accumulated depreciation-equipment (74,770) (57,680) Total assets $522,870 $497,250 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $109,800 $103,