Using the following information for ABC Manufacturing as of year end 2011 and year end 2012, prepare a 2011 and 2012 balance sheet for ABC Manufacturing.

Accumulated depreciation is $2,020 at year end 2011 and is $2,670 at year end 2012;

Accounts payable are $1,800 at year end 2011 and are $2,060 at year end 2012;

Accounts receivable are $2,480 at year end 2011 and $2,690 at year end 2012;

Cash is $1,300 at year end 2011 and is $1,090 at year end 2012;

Prepaid expenses are $0 in 2011 and $280 in 2012;

Owner's Investment is $4,990 at year end 2011 and year end 2012;

Inventory is $5,800 at year end 2011 and $5,750 at year end 2012;

Long term debt is $7,800 at year end 2011 and $7,500 at year end 2012;

Plant, property, and equipment is $8,400 at year end 2011 and $9,200 at year end 2012;

Current portion of long term debt is $0 in 2011 and $300 in 2012;

Retained earnings are $1,370 at year end 2011 and $1,490 at year end 2012.

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