Turkey Creek Inc. Comparative Balance Sheet As of December 31 2022 2021 Increase/ (Decrease) Assets: Cash $127,000 $138,500 ($11,500) Accounts Receivable 210,700 180,400 30,300 Allowance For Doubtful Accounts (22,600) (15,300) (7,300) Inc Inventory 175,160 195,400 (20,240) Investments [Available For Sale] 366,000 341,700 24,300 Machinery 354,800 412,000 (57,200) Accumulated Depreciation - Machinery (262,000) (317,000) 55,000 dec Buildings 445,000 280,000 165,000 Accumulated Depreciation - Buildings (85,000) (73,000) (12,000) Inc Land 70,000 0 70,000 Total Assets $1,379,060 $1,142,700 Liabilities: Accounts Payable 86,800 99,300 (12,500) Accrued Payables 161,500 138,900 22,600 Long-Term Notes Payable 377,200 397,000 (19,800) Note Payable - Building 165,000 0 165,000 Equity: Common Stock [no par] 222,000 195,000 27,000 Retained Earnings 366,560 312,500 54,060 Total Liabilities and Equity $1,379,060 $1,142,700