The financial statements for

the Bao Corporation are given below:

Bao Corporation

Comparative Balance Sheets

December 31, 2015, and 2014

2015 2014

Current assets:

Cash $ 1,900 $ 1,300

Accounts receivable net 9,100 7,300

Inventory 11,300 9,100

Prepaid expenses 560 250

Total current assets 22,860 17,950

Property and equipment:

Land 86,000 86,000

Buildings and equipment, net 48,600 52,000

Total property and equipment 134,600 138,000

Total assets $157,460 $155,950

Liabilities and Stockholder