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The following is balance sheet information for MELANSON Ltd: Assets 2021 2020 Cash $ 220 $ 132 A/R 80 120 Inv 60 40 Prepaid Exp

The following is balance sheet information for MELANSON Ltd: Assets 2021 2020 Cash $ 220 $ 132 A/R 80 120 Inv 60 40 Prepaid Exp 20 4 Land 560 120 Building 640 160 Acc. Dep...Building (44) (20) Equipment 108 40 Acc. Dep...Equipment (12) (4) Totals $1,632 $592 Liabilities and Equity 3 A/P $ 112 $ 48 Tax/P 24 32 B/P 520 80 C/S 280 200 R/E 696 232 Totals $1,632 $592 The income statement for MELANSON Ltd for 2021 Sales

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