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The following amounts were reported by Sindarius Ltd. in its most recent statement of financial position: 2020 2019 Cash and cash equivalents $33,300 $97.200
The following amounts were reported by Sindarius Ltd. in its most recent statement of financial position: 2020 2019 Cash and cash equivalents $33,300 $97.200 Accounts receivable (net) 271,950 206,550 Inventory 627,150 469,800 Prepaid expenses 16,650 16,200 Property, plant, and equipment (net) 1,165,300 1,238,200 Accounts payable 437,000 306,000 Wages payable 29,000 29.000 Income tax payable 23,000 18,000 Unearned revenue 66,000 52,000 Long-term bank loan payable 812,000 886,000 Common shares 200,000 200,000 Retained earnings 547,350 536.950 The company had sales of $2,012,430 in 2020 and $2,065,500 in 2019. All sales were on account.
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