Year 1 Year 2 Assets Cash Accounts $100,000 $(50,000 50,000 100,000 receivable (net) 100,000 250,000 300,000 350,000 $550,000 $650,000 Inventory Equipment (net) Total assets Liabilities and Equity Accounts payable Income taxes payable Bonds payable 150,000 100,000 80,000 30,000 100,000 80,000 100,000 200,000 120,000 240,000 Common stock Retained earnings Total liabilities and $550,000 $650,000 Equity FI 20 F2 OOD FA F3 F5 F7 2