Comparative Balance Sheet Assets Dec. 31, 2014 Dec. 31, 2013 Cash Accounts receivable $41,280 $37,824 7,008 11,520 Inventory 11,520 10,848 Prepaid expenses 1,152 3,360 Equipment 52,320 46,272 Accumulated depreciation 20,160 21,696 Total assets $93,120 $88,128 Liabilities and Stockholder's Equity Accounts payable $13,440 $12,096 Long-term note payable 18,048 24,960 Common stock 26,880 21,600 Retained earnings 34,752 29,472 Total liabilities and stockholder's equity $93,120 $88,128