Question: this is the balance sheet for TechWork Inc: Balance Sheet As of December 31 Assets 2022 2023 2024 Current Assets Cash $34,000 $50,000 $65,000 Accounts
this is the balance sheet for TechWork Inc: Balance Sheet As of December 31 Assets 2022 2023 2024 Current Assets Cash $34,000 $50,000 $65,000 Accounts Receivable $35,000 $40,000 $45,000 Inventory $28,000 $30,000 $32,000 Total Current Assets $97,000 $120,000 $142,000 Non-Current Assets Property, Plant & Equipment $140,000 $150,000 $160,000 Intangible Assets $28,000 $30,000 $32,000 Total Non-Current Assets $168,000 $180,000 $192,000 Total Assets $265,000 $300,000 $334,000 Liabilities Current Liabilities Accounts Payable $20,000 $25,000 $30,000 Short-term Debt $12,000 $15,000 $18,000 Accrued Liabilities $8,000 $10,000 $12,000 Total Current Liabilities $40,000 $50,000 $60,000 Long-term Liabilities Long-term Debt $80,000 $70,000 $60,000 Total Long-term Liabilities $80,000 $70,000 $60,000 Total Liabilities $120,000 $120,000 $120,000 Equity Common Stock $100,000 $100,000 $100,000 Retained Earnings $45,000 $80,000 $114,000 Total Equity $145,000 $180,000 $214,000 Total Liabilities and Equity $265,000 $300,000 $334,000
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