3 E23-13 (SCF-Direct Method) Brecker Inc., a greeting card company, had the following statements pre- pared as of December 31, 2014. BRECKER INC. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2014 AND 2013 12/31/14 12/31/13 Inventory Cash Accounts receivable Short-term investments (available-for-sale) Prepaid rent $ 6,000 $ 7,000 62,000 51,000 35,000 18,000 40,000 60,000 5,000 4,000 Equipment 154,000 130,000 Accumulated depreciation-equipment (35,000) (25,000) Copyrights 46,000 50,000 Total assets Accounts payable $313,000 $295,000 $ 46,000 $ 40,000 Income taxes payable 4,000 6,000 Salaries and wages payable 8,000 4,000 Short-term loans payable 8,000 10,000 Long-term loans payable 60,000 69,000 Common stock, $10 par 100,000 100,000 Contributed capital, common stock 30,000 30,000 Retained earnings 57,000 36,000