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The comparative balance sheets for Sage Hill Corporation appear below: SAGE HILL CORPORATION Comparative Balance Sheet Assets 2022 2021 Cash $44,700 $35,000 Accounts receivable
The comparative balance sheets for Sage Hill Corporation appear below: SAGE HILL CORPORATION Comparative Balance Sheet Assets 2022 2021 Cash $44,700 $35,000 Accounts receivable (net) 81,500 63,000 Prepaid insurance 27,300 17,400 Land 16,500 51,000 Equipment 77,500 64,500 Accumulated depreciation (18,700 ) (13,000) Total assets $228,800 $217,900 Liabilities and Stockholder's Equity Accounts payable $17,000 $7,800 Bonds payable 25,900 16,900 Common stock 141,000 120,000 44.900 72.200
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