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The current sections of Monty Corp.'s balance sheets at December 31, 2021 and 2022, are presente Monty Corp.'s net income for 2022 was $406,400.
The current sections of Monty Corp.'s balance sheets at December 31, 2021 and 2022, are presente Monty Corp.'s net income for 2022 was $406,400. Depreciation expense was $67,200. 2022 2021 Current assets Cash $99,200 $142,400 Accounts receivable 136,000 110,400 Inventory 124,800 99,200 Prepaid expenses 27,200 30,400 Total current assets $387,200 $382,400 Current liabilities Accrued expenses payable $9,600 $25,600 Accounts payable 140,800 115,200 Total current liabilities $150,400 $ 140,800
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