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The Stair Company Comparative Balance Sheet For Years Ended December 31, 2022 and 2021 Amounts Percent of total assets 2022 2021 2022 2021 Increase or
The Stair Company Comparative Balance Sheet For Years Ended December 31, 2022 and 2021 Amounts Percent of total assets 2022 2021 2022 2021 Increase or (Decrease) Amount Percent Account name Assets Current Assets Cash % % $ 62,000 104.000 % $ 127,600 113,700 102,000 11,200 2,100 % % % % % Accounts Receivable Merchandise Inventory Prepaid Expenses Supplies Total Current Assets Property, Plant, and Equipment Land % 100,000 7,000 1,000 $ 274,000 % % $ 356,600 % % S 0 % % % % % % % $ 92,000 98,000 (32,000) $ 66,000 158,000 $ 514,600 $ 92,000 98,000 (24,000) $ 74,000 166,000 $ 440,000 % % % % % % % % $ 0 07 Building and Store Equipment Less Accumulated Depreciation-Bldg & Store Equipment Net Book Value-Building and Store Equipment Total Property, Plant, and Equipment Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Sales Tax Payable Payroll Taxes Payable % $ 45,700 2,700 2,800 $ 74,000 7,000 2,500 % %1 % % 2,700 7,000 % % % % $ $ 53,900 $ 90,500 % 0 % % % 57,700 62,000 $ 57,700 $ 62,000 $ 111,600 $ 152,500 % % % % Interest Payable Total Current Liabilities Long-Term Liabilities Mortgage Payable Total Long-Term Liabilities Total Liabilities Stockholders' Equity Common Stock ($1 par, 10,000 shares authorized; 10,000 shares issued and outstanding) Paid-in Capital-Common Stock Retained Earnings % % $ 0 % $ 10,000 $ 10,000 % % % % % % 10,000 383,000 10,000 267,500 % % % Total Stockholders' Equity $ 403,000 $ 287,500 % % $ 0 % Total Liabilities and Stockholders' Equity $ 514,600 $ 440,000 % % $ 0 %
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