West Company Balance Sheet December 31, 2020 ASSETS LIABILITIES Cash $ 8,100 Accounts payable Accounts receivable, net 8,800 Bank loan payable (due 2025) Merchandise inventory 12,000 Total liabilities Prepaid insurance 1,800 Equipment 42,000 SHAREHOLDERS' EQ Accumulated depreciation (9.700) Common shares Retained earnings Total shareholders' equity Total assets $ 63,000 Total liabilities and shareholders' equity 0C West Company Balance Sheet December 31, 2020 ASSETS LIABILITIES Cash $ 8,100 Accounts payable Accounts receivable, net 8,800 Bank loan payable (due 2025) Merchandise inventory 12,000 Total liabilities Prepaid insurance 1,800 Equipment 42,000 SHAREHOLDERS' EQ Accumulated depreciation (9.700) Common shares Retained earnings Total shareholders' equity Total assets $ 63,000 Total liabilities and shareholders' equity 0C