Question: ABC Ca, Balance Sheet Year 1 Year 2 Assots Current assets Cash 5,000 3,000 Accounts recelvable 55,000 51,600 Inventory 50,000 53,500 Prepald expenses 10,000 8,750

ABC Ca, Balance Sheet Year 1 Year 2 Assots Current assets Cash 5,000 3,000 Accounts recelvable 55,000 51,600 Inventory 50,000 53,500 Prepald expenses 10,000 8,750 120.000 116,850 Fixed assots (net) Land 75,000 75,000 Vehicles 15,000 Equipment 50,000 51,837 Bullding 40,000 40,612 180,000 167,449 Total assets 300,000 284.299 Liabilities and sharoholders' equity Curront liabilities Bank overdraft 25,000 15,000 Accounts payable 23,049 37,695 Accrued expenses 15,000 14,500 Taxes payable 3,201 3,204 Current portion of the long-term debt 3,750 3,750 70,000 74,149 Long-term liabilitios (long-term portlon of bank debi) 130,000 132,000 Shareholder' equity 100 Common shares 99,900 78,050 Retained earnings 100,000 78,150 Search instead for ABC Ca, Balance Sheot Year 1 Year 2 Assots Current assets Cash 5,000 3,000 Accounts recelvable 55,000 51,600 Inventory 50,000 53,500 Prepald expenses 10,000 8,750 120.000 116,850 Fixed assots (net) Land 75,000 75,000 Vehicles 15,000 Equipment 50,000 51,837 Bullding 40,000 40,612 180,000 167,449 Total assets 300,000 284.299 Liabilities and sharoholders' equity Curront liabilities Bank overdraft 25,000 15,000 Accounts payable 23,049 37,695 Accrued expenses 15,000 14,500 Taxes payable 3,201 3,204 Current portion of the long-term debt 3,750 3,750 70,000 74,149 Long-term liabilitios (long-term portlon of bank debi) 130,000 132,000 Shareholder' equity 100 Common shares 99,900 78,050 Retained earnings 100,000 78,150

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