XYZ Plumbing - Balance Sheet 2021 2022 2021 2022 LIABILITIES Cash 2,000,000 4,672,350 Accounts Payable 2,300,000 2,000,000 A/R 1,000,000 1,500,000 Notes Payable 1,500,000 1,500,000 Inventory 2,000,000 2,300,000 Current portion of LTD 1,000,000 1,000,000 Pre-paid expenses 500,000 600,000 Accrued Liabilities 700,000 1,520,000 Total Current Assets 5,500,000 9,072,350 Total Current Liabilities 5,500,000 6,020,000 Building and Improvements 15,000,000 15,000,000 Long-Term Debt 9,000,000 10,000,000 Equipment 5,000,000 5,000,000 20,000,000 20,000,000 Stockholder's Equity Common Stock at Par 100,000 100,000 Depreciation 500,000 1,000,000 Paid in Capital 9,900,000 9,900,000 Net PP&E 19,500,000 19,000,000 Retained Earnings 500,000 2,052,350 Total Stockholder's Equity 10,500,000 12,052,350 Total Assets 25,000,000 28,072,350 Total Liabilities + Equity 25,000,000 28,072,350 Cash Provided from Investing Activities Additions to property, plant and equipment Net Cash provided (used) by investing activities Cash Provided from Financing Activities Additions to long term borrowing Addition to short term borrowing Net Cash provided (used) by financing activities Net Cash Flow