what are the causes of differences in the current assets, accounts payable and retained earnings in this balance sheets analysis?

Appendix B$-11$

Water Play, Inc.

Balance Sheet

December $31,20$XX

Assets

Currrent assets:

Cash

Accounts receivable

Raw material inventory

Finished goods inventory

Total current assets

Noncurrent assets:

Land

Buildings

Equipment

Less: Accumulated depreciation

Total Noncurrent Assets

Total Assets

Liabilities

Current liabilities:

Accounts payable

Noncurrent liabilities:

Note payable

Total liabilities

Stockholders' Equity

Common stock $($ $$1$ par value,

$25$ million shares authorized,

$3$ million shares issued and

outstanding

Paid in capital

Total contributed capital

Retained earnings

Total stockholders' equity

Total liabilities and stockholders' equity

S $243,885,558$

$117,000,000$

$12,000,000$

$27,383,500$

S $400,269,058$

$\frac{150,000,000}{185,159,250}$

$[3,000,000],[135,383,500],[138,383,500],[275,176,308]$

$135,383,500$

$138,383,500$

$[413,559,808],[$$$,598,719,058]$ Appendix B$-11$

Water Play, Inc.

Balance Sheet

December $31,20$XX

Assets

Currrent assets:

Cash

Accounts receivable

Raw material inventory

Finished goods inventory

Total current assets

Noncurrent assets:

Land

Buildings

Equipment

Less: Accumulated depreciation

Total Noncurrent Assets

Total Assets

Liabilities

Current liabilities:

Accounts payable

Noncurrent liabilities:

Note payable

Total liabilities

Stockholders' Equity

Common stock $($ $$1$ par value,

$25$ million shares authorized,

$3$ million shares issued and

outstanding

Paid in capital

Total contributed capital

Retained earnings

Total stockholders' equity

Total liabilities and stockholders' equity

$49,950,000$

$\frac{150,000,000}{199,950,000}$

$423,767,000$