YOYO OFFICE SUPLY (Balance Sheet, March 31, 2020) Assets Current Assets: Cash $ 34,000 Accounts Receivable 20,000 Merchandise Inventory 14,500 Prepaid Insurance 2,400 Total Current Assets $ 70,900 Property. Plant, and Equipment: Equipment and Fixtures 56,000 Less: Accumulated Depreciation (26,000) 30,000 Total Assets $ 100,900 Liabilities Current Liabilities: Accounts Payable $ 13,000 Salaries and Commissions Payable 3,600 Total Liabilities $ 16,600 Stockholders' Equity Common Stock, no par 12,000 Retained Earnings 72,300 Total Stockholders' Equity 84,300 Total Liabilities and Stockholders' Equity $ 100,900