The following comparative statement of financial position for Dubai Co. is given for the financial periods 2019 and 2020: 2020 2019 PPE $430,000 $395,000 Accumulated depreciation of PPE (160,000) (135,000) Copyrights 50,000 58,000 Receivables 16,000 10,000 Inventory 60,000 70,000 Prepaid expenses 63,000 49,000 Cash 172,000 71,000 $661,000 $518,000 Capital- preferred shares $42,000 23,000 Premium on preferred shares 150,000 160,000 Common stock 66,000 56,000 Retained earnings 40,000 34,000 Bond payable Accounts payable Accrued liabilities 87,000 60,000 45,000 216,000 200.000 $581,000 $518,000