Understanding Financial Statements and Cash Flows T. P. Jarmon Company Balance Sheet for 12/31/2009 and 12/31/2010 ASSETS 2009 2010 s 15,000 14,000 6,200 33,000 84,000 Cash Marketable securities Accounts receivable Inventory Prepaid rent Total current assets Net plant and equipment Total assets 6,000 42,000 51,000 $ 115,200 $138,300 286,000 270,000 $408,300 $401,200 LIABILITIES AND EQUITY 2009 2010 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Common stockholders' equity Total liabilities and equity 48,000 57,000 5,000 6,000 S 69,000 $172.200 $401,200 S-75.000 $ 150,000 $183.300 $ 408,300