WWW .OLAR. . Se recom www .O . O AT 100% - Normal text - Arial - 11 BIVA Comparative Balance Sheets December 31 Change in Account Balance Increase/Decrease 2019 $ 33.000 Assets Current assets Cash Accounts receivable Inventory Prepaid expenses Property, plant, and equipment $ 55,000 20,000 15.000 30.000 10.00 1.000 $ 22.000 Increase 10.000 Decrease 5.000 Increase 4,000 Increase 5.000 110.000 160,000 Buildings Accumulated depreciation buildings Equipment Accumulated depreciation equipment Total assets 20.000 40.000 (5.000) 100 (1.000 SI 000 110.000 Increase 120,000 Increase 6,000 Increase 17.000 Increase 2000 Increase 27.000 (3.00 $39.000 $ 28,000 6.000 $12.000 1000 $ 16.000 Increase 2000 Decrease Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Long-term liabilities Bonds p ie Stockholders equity Common stock Retained earning Total liabilities and stockholders' quity 20.000 110000 Increase 20,00 Increase 116.000 Increase 5.39800 $138.000 DOLL Computer Services Company Income Statement For the Year Ended December 31, 2020 $507.000 $150,000 111,000 9.000 Sales revenue Cost of goods sold Operating expenses (excluding depreciation) Depreciation expense Loss on disposal of plant assets Interest expense Income bene income tax Income tax expense Net income 3,000 42,000 315.000 192,000 47.000 S145.000 Additional information for 2020: 1. Depreciation ex sense was comprised of S6,000 for building and $3,000 for equipment 2. The company sold equipment with a book value of $70 (cost $8.000. less accumulated depreciation $1.000) for $4.000 cash. 3. Issued $110,000 of long-term bonds in direct exchange for land. 4. A building costing $120.000 was purchased for cash Equipment costing $25,000 was also purchased for cash 5. Issued common stock for $20,000 cash 6. The company declared and paid a $29,000 cash dividend