Question: Given the following information for Solar Solutions Corp., prepare a balance sheet for 2015 and 2016. Accounts receivable are $6,076 in 2015 and $5,624 in

Given the following information for Solar Solutions Corp., prepare a balance sheet for 2015 and 2016.

Accounts receivable are $6,076 in 2015 and $5,624 in 2016.

The acquisition cost of plant, property and equipment is $20,580 in 2015 and $26,404 in 2016.

Accumulated depreciation was $4,949 in 2015. Cash is $3,185 in 2015 and $3,128 in 2016.

Prepaid expenses are $804 in 2016.

Net profits were $904 in 2016.

Owners investment was $12,226 in both 2015 and 2016.

Retained earnings were $3,357 in 2015.

Inventory was $14,210 in 2015 and $16,503 in 2016.

Accounts payable were $4,410 in 2015 and $5,912 in 2016.

Long-term debt was $18,539 in 2015 and $21,525 in 2016.

Depreciation was $2,714 in 2016.

Current portion of long-term debt was $571 in 2015 and $861 in 2015.

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