Use the following financial statements and additional information. AUSTIN INCORPORATED Comparative Balance Sheets Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment June 30, 2021 and 2020 2021 2020 $ 94,300 $ 39,400 81,000 63,000 68,000 94,000 5,600 7,000 248,900 203,400 Accumulated depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par value Retained earnings Total liabilities and equity 176,000 (45,000) $ 379,900 $ 31,000 6,000 163,000 (15,000) $ 351,400 $ 38,000 16,000 4,900 5,400 41,900 59,400 40,000 80,000 81,900 139,400 240,000 170,000 58,000 42,000 $ 379,900 $ 351,400