ABC C OMPANY BALANCE SHEET At December 31, 20X2 and December 31, 20X1 Cutlent Assets Cash and cash equivalents Tradmg Securtttes Accounts receivable Allowance for doubtful accounts Accounts receivable, net Inventortes Prepaid expenses and other receivables Available-for-sale securities Total current assets Property, plant and Intan Assets Total assets Liabilities and Shareholders' Equity Cuten t Liabili ttes Salaries Payable FICA-SociaI Security Ta.xes ble FICA-Medtcare Taxes Payable Employee Federal Income Taxes Payable 182225 28,000 c 2000) 273,625 578,475 2,465 104,400 249,775 200,000 328,700 578,475 20XI Dollar Change sgsoo (2,900) 16.600 217,565 516,915 61950 6,000 119,079 247,479 200,000 269,436 % Change State Unemployment Taxes Payable Federal Unemployment Taxes Payable Notes payable or cutlent of Accoun Total current liabilities Long-term debt Total liabilities Shareholders' equity tenn debt Common stock: S I O value; 50,000 shares authorized; 20,000 shares issued and Retained earnmgs Total shareholders' uitv Total liabilities and shareholders'