v )These are the financial statements of El Giheny Company. El Giheny Company Comparative Balance sheet December 31 140,350 95,300 165,200 Merchandise Inventory 6,240 Prepaid expenses 35,700 Investments (Long-term) 75,000 375,000 Buildings buildings Accumulated depreciation 428,300 Machinery and equipment Accumulated depreciation-machinery and equipment (148,500) 8,0 1159,290 Total Liabilities and Stockholder's Equity $43,500 AP (merchandise creditors) 14,000 Accrued expenses (operating expenses) 7,900 Income taxes Payable 14,000 Dividends Payable 40,000 Mortgage note payable, due 2001 150,000 Bonds payable 450,000 Common stock, 30 par 66,250 Paid in capital in excess of common stock Retained earnings 1,159,290 Total S 95,900 102,300 157,900 5,860 84,700 90,000 260,000 (58,300) 428,300 65 000 S 1.093,660 46,700 12,500 8,400 10,000 250,000 375,000 41,250 S 1,093,660