The following information is taken from the 2020 annual report of Headland, Inc. Headland's fiscal year ends December 31 of each year. Headland's December 31, 2020, balance sheet is as follows. Assets Headland, Inc. Balance Sheet December 31, 2020 Cash $430 Inventory 1,800 Total current assets 2,230 Plant and equipment 2,100 Accumulated depreciation (168) Total assets 4,162 Liabilities Bonds payable (net of discount) $1,426 Stockholders' equity Common stock 1,500