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152 Hollister Electric Inc. 153 Balance Sheet 154 As at December 31, 2020 155 Assets Liabilities 156 Cash $30,000 Accounts Payable $14,700 157 Accounts Receivable 15,800 Unearned Revenue 6,600 158 Prepaid Insurance 4,200 Bank Loan 31,000 159 Inventory 78,500 Total Liabilities 52,300 160 Property, Plant & Equipment 220,000 Shareholders' Equity 161 Accumulated Depreciation -30,000 Common Shares - 100,000 issued 100,000 62 Retained Earnings 166,200 163 Total Shareholders Equity 266,200 64 Total Assets $318,500 Liabilities & Owner's Equity 5318,500 165 66 2 At 2020, Razul has authorized 180,000 common shares and 15,000 preferred shares. The preferred shares will be cumulative and pay $6 dividends. The 100,000 shares issued were issued to Razul. He will maintain control of the company and 42 R Transactions during 2021 F A193 e) On July 1, Holister purchased a $55,000, 6 year bond paying 7%. Interest is paid every 6 months on December 31 and June 30, The company plans to hold onto the bond until it matures