The following financial statements were furnished by the Marx Company: Marx Company Balance Sheets As of December 31, 2019, and 2020 2020 2019 Assets Cash $16,150 $14,770 Accounts receivable 6,336 5,681 Inventory 10,047 8,763 Prepaid expenses Plant and equipment 2,397 1,238 51,620 41,098 (7,560) (7,373) $78,990 $64,177 Accumulated depreciation Total assets Liabilities and Equity Accounts payable (all relate to inventory purchases) $6,708 $4,789 Accrued wages payable 1,639 1,208 Common stock 37,000 37,000 Retained earnings 33,643 21,180 Total liabilities and equity $78,990 $64,177