The following comparative balance sheets and other data are for Cellular Telephone Sales, Inc CELLULAR TELEPHONE SALES, INC. Comparative Balance Sheets December 31,2013 and 2012 2013 2012 Assets Cash Accounts receivable, net Merchandise inventory Supplies on hand Prepaid expenses Land Equipment Accumulated depreciation-equipment Total assets $ 76,105 26,075 30,000 1.750 1400 180,000 270,000 51,000 24,250 35,000 2,550 1,200 142,500 00,000 510,330 $489,000 Liabilities and Stockholders' Equity Accounts payable Salaries payable Accrued liabilities payable Long-term note payable Common stock (S5 par) Paid-in capital in excess of par Retained carnings 45330 4,000 2,000 150,000 185,000 32.500 76,300 2,000 8,250 150,000 165,000