Western Resources Balance Sheet At December 31, 20X5 Assets Current assets Cash Accounts receivable Allowance for Doubftul Accounts Inventory Prepaid Rent Long-term assets Land Buildings and Equipment Accumulated Depreciation $ 20X5 20X4 808,000 $ 2,475,000 173,000 C 1,400,000 Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable S S 10 (297,000) 2,850,000 960,000 4,125,000 8,150,000 (4,100,000) 14,971,000 $ (168,000) 1,950,000 860,000 4,200,000 8,750,000 (3,550,000) 13,615,000 1,250,000 $ 1,100,000 Interest payable 250,000 400,000 Income taxes payable 883,400 310,000 Dividends payable 67,640 55,000 Long-term liabilities Long-term debt $ 2,800,000 4,000,000 Stockholders' Equity Common stock $ 5,850,000 5,000,000 Retained earnings 3,869,960 2,750,000 Total liabilities and shareholders' equity 14,971,000 13,615,000