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The current sections of Teal Mountain Inc.s balance sheets at December 31, 2021 and 2022, are presented here. Teal Mountain Inc.s net income for 2022
The current sections of Teal Mountain Inc.s balance sheets at December 31, 2021 and 2022, are presented here. Teal Mountain Inc.s net income for 2022 was $122,400. Depreciation expense was $21,600.
2022 | 2021 | |||
---|---|---|---|---|
Current assets | ||||
Cash | $84,000 | $ 79,200 | ||
Accounts receivable | 64,000 | 71,200 | ||
Inventory | 134,400 | 137,600 | ||
Prepaid expenses | 21,600 | 17,600 | ||
Total current assets | $304,000 | $305,600 | ||
Current liabilities | ||||
Accrued expenses payable | $ 12,000 | $ 4,000 | ||
Accounts payable | 68,000 | 73,600 | ||
Total current liabilities | $80,000 | $ 77,600 |
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