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The following are comparative balance sheets for Hampton Company. HAMPTON COMPANY Comparative Balance Sheets December 31 Assets Cash Accounts receivable 2022 2021 $ 83,000
The following are comparative balance sheets for Hampton Company. HAMPTON COMPANY Comparative Balance Sheets December 31 Assets Cash Accounts receivable 2022 2021 $ 83,000 $ 22,000 85,000 76,000 Inventory Land Equipment 175,000 189,000 75,000 100,000 250,000 200,000 Accumulated depreciation- (61,000) (32,000) equipment Total Liabilities and Stockholders' Equity $607,000 $555,000 Accounts payable $ 39,000 $ 47,000 Bonds payable 150,000 200,000 Common stock ($1 par) 226,000 174,000 Retained earnings 192,000 134,000 Total $607,000 $555,000 Additional information: 600.000
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