Assets $20212022$ Liabilities and Owners$$ Equity $20212022$

Current assets Current liabilities

Cash $ $45,262$ $ $57,602$ Accounts payable $ $190,922$ $ $198,611$

Accounts receivable $61,28181,639$ Notes payable $86,020137,588$

Inventory $126,088192,061$ Total $ $276,942$ $ $336,199$

Total $ $232,631$ $ $331,302$ Long$-$term debt $ $239,000$ $ $175,750$

Owners$$ equity

Common stock and paid$-$in surplus $ $216,000$ $ $216,000$

Fixed assets Accumulated retained earnings $158,636192,931$

Net plant and equipment $ $657,947$ $ $589,578$ Total $ $374,636$ $ $408,931$

Total assets $ $890,578$ $ $920,880$ Total liabilities and owners$$ equity $ $890,578$ $ $920,880$