Question #5: Selected financial statement information and additional data for Diablo Enterprises Go-Kart Corporation is presented below Diablo Enterprises Go-Kart Corporation Balance Sheet and Income Statement Data December 31, December 31, 2020 2021 Current Assets Cash $115,000 $193,000 Accounts Receivable 316,000 383,000 Inventory 334,000 206,000 Total Current Assets 765,000 782,000 Property, Plant, and Equipment 1,122,000 1,241,000 Less: Accumulated Depreciation (442,000) (476,000) 680,000 765,000 Total Assets $1.445.000 $1,547.000 Current Liabilities Accounts Payable $102,000 $155,000 Notes Payable 68,000 61,000 Income Taxes Payable 76,500 107,000 Total Current Liabilities 246,500 323,000 Bonds Payable 391,000 340,000 Total Liabilities 637,500 663,000 Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity 467,500 510,000 340,000 374,000 807,500 884,000 $1,445,000 $1.547.000