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Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 $100,900 81,500 74,800 5,500 262,700 135,000 (32,500) $365,200 $ 55,000 62,000 103,000 7,600 227,600 126,000 (14,500) $339,100 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. 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 $ 36,000 7,100 4,500 47,600 41 , 88,600 $ 46,500 17,200 6,000 69,700 71, 140, 700 242,000 34,600 $365,200 171,000 27,400 $339, 100 #