This is the property of Professor Leah Russell and any coping and posting anywhere on the web of said property is against college policy and will be treated as such. ABBY COMPANY COMPARATIVE BALANCE SHEET DECEMBER 31, 2021 & 2020 ASSETS: 2021 2020 Cash $85,546 $41,705 Accounts Receivable Inventory Prepaid Expenses 28,050 27,375 123,000 125,550 5,570 5,100 Equipment 110,550 100,000 Accumulated Depreciation 55,735 47,550 TOTAL ASSETS $296,981 $259,660 LIABILITIES & STOCKHOLDERS' EQUITY: Accounts Payable $47,588 $47,000 Short-term Notes Payable (non vendor) 6,000 8,000 Long-term Notes Payable (non vendor) 34,255 38,755 Common Stock, $5 Par 105,000 100,000 Paid-In-Capital Excess Par 7,100 0 Retained Earnings 97,038 69,710 TOTAL LIABILITIES & STOCKHOLDERS' EQUITY $296,981 $259,660