The Not-too-tough company started its operation in 2018. Its balance sheet for December 31, 2018, showed the following account balances (there were no other accounts listed, numbers are in thousands):

Assets

Assets	2019
Cash and cash equivalents	400
Inventory	59
Accounts receivable	90
Property, plants, and equipment	100
Less: accumulated depreciation	(10)
Property and equipment net	90
Prepaid rent	0
Total Assets	639

Liabilities and Equity

Liabilities and Equity	2019
Accounts payable	50
Advance from customers	40
Wages payables	6
Paid-in capital	350
Retained earnings	193
Total Liabilities and Shareholders Equity	639

During 2019 the following transactions occurred:

1. Rent for 24 months, starting January 1, 2019, in the amount of $48, was paid in cash.
2. On July 31, 2019, the company enters into a new labor contract with the employees union that calls for a $15 increase in wages, effective February 1, 2020.
3. Sales, all on credit, were $850. Collections from customers were $720.
4. In addition to the transactions described in item 3 above, products were shipped to the customer who paid $40 in advance (see December 31, 2018 balances). The selling price was $120, and the customer will pay the balance in early 2020.
5. The company purchased $550 worth of inventory, on account. Payments on accounts payable were $470.
6. Based on a physical count, inventory balance as of December 31, 2019 was $85. The market value of these inventories was $90.
7. The employees earned $54 as wages. Cash wage payments to employees were $57.
8. Depreciation for the year equals $15.
9. A dividend of $55 was declared and paid during 2019.

Prepare the balance sheet by filling in the blanks.

Assets

Assets	2019
Cash and cash equivalents
Inventory
Accounts receivable
Property, plants, and equipment
Less: accumulated depreciation	( )
Property and equipment net
Prepaid rent
Total Assets

Liabilities and Equity

Liabilities and Equity	2019
Accounts payable
Advance from customers
Wages payables
Paid-in capital
Retained earnings
Total Liabilities and Shareholders Equity