The following financial statements were furnished by the Roger Company: Roger Company Balance Sheets As of December 31, 2019, and 2020 2020 2019 Assets Cash $16,020 $14,640 Accounts receivable 5,934 5,392 Inventory 10,264 8,941 Prepaid expenses Plant and equipment Accumulated depreciation 2,645 1,394 53,340 40,089 (8,967 ) (7,434 ) $79,236 $63,022 Total assets Liabilities and Equity Accounts payable (all relate to inventory purchases) $9,676 $5,566 Accrued wages payable 1,527 1,113