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The following balance sheet was prepared by a very inexperienced accountant. Butler Corporation Balance Sheet For Year Ended December 31, 2020 Current Assets: Cash Accounts
The following balance sheet was prepared by a very inexperienced accountant. Butler Corporation Balance Sheet For Year Ended December 31, 2020 Current Assets: Cash Accounts Payable Supplies Property, Plant, and Equipment: Land Buildings Equipment Patents Inventory Investments: Short-term Investments Common Stock $ 13,200 5,000 2,000 8,000 25,000 12,000 4,000 30,000 7,000 12,000 Current Liabilities: Accounts Receivable Wages Payable Accumulated Depreciation - Equipment Accumulated Depreciation - Building Long-Term Liabilities: Current Taxes Payable Bonds Payable (30 year) Notes Payable - Long-term Stockholders' Equity: Retained Earnings $13,000 2,000 (5,000) (10,000) 4,200 18,000 15,000 13,000 What is the correct total for Stockholders' Equity? (You may need to scroll all the way to the right to see the entire balance sheet). O $13,000
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