The comparative balance sheet of Yellow Dog Enterprises Inc. at December $31,20Y8$ and $20$Y$7,$ is as follows:

$q,$

Assets

Cash

Accounts receivable $(n($

Merchandise inventory

Prepaid expenses

Equipment

Accumulated depreciation$-$equipment

Total assets

Liabilities and Stockholders' Equity

Accounts payable $($merchandise creditors$)$

Mortgage note payable

Common stock, $$1$ par

Paid$-$in capital: Excess of issue price over par$-$common stock

Retained earnings

Total liabilities and stockholders equity

$\backslash$table$[[$$$57,940,$$$70,710$