The comparative balance sheets for Beckwith Products Company are presented below. Assets: Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation 2019 2018 $ 36,950 $ 25,000 75,100 78,000 45,300 36,000 256,400 153,000 38,650 20,000 $ 375,100 $272,000 Total assets Liabilities and Equity: Accounts payable $ 13,100 $ 11,000 Interest payable 11,500 8,000 Wages payable Notes payable 8,100 9,000 104,100 90,000 Common stock 86,300 50,000 Retained earnings 152,000 104,000 Total liabilities and equity $375,100 $272,000