Yorkville Corporation Comparative Balance Sheet As of 12/31/04 20042003 ASSETS Cash.... . . . . CHANGES Accounts Receivable. Merchandise Inventory. Prepaid Expenses. Current Assets. Land. P P \& E. Accumulated $25,000$21,000$4,000 Depreciation. TOTAL ASSETS... LIABILITIES \& EQUITY 22,00033,000(11,000) Liabilities Accounts Payable. Utilities Payable. Interest Payable. Income Taxes Payable. Current 20,00082,00015,00029,00013,000(9,000)2,000 Liability. Bonds Payable. STOCKHOLDERS'EQUITY Common Stock $1.00 Addition Paid in Capital \begin{tabular}{rrr} 40,000 & 30,000 & 10,000 \\ 210,000 & 225,000 & (15,000) \\ (55,000) & (67,500) & (12,500) \\ \hline \end{tabular} Preferred $$$283.500$277.000$ Stock. 11,0009,5001,0003,00024,50050,00018,5007,5001,5002,00029,50080,000(7,500)2,000(500)1,000(30,000) Additional information: 1. Net Income for 12/31/04 is $21,000. 2. Sale of PPE in the amount of $37,500, with a gain of $2,500. Lintian expense of $7,500