32 MEGAFRAME COMPUTER COMPANY Balance Sheet As at December 31, 20X5 ASSETS Cash $40.000 50.000 Accounts receivable Inventory New plant and equipment Total Assets 90.000 220.000 $410.000 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable Accrued expenses Long-term debe Common stock 560.000 10 bod 130 000 80,000 100.000 $410.000 Retained earnings Total Labies and Shareholders' Equity $700.000 MEGAFRAME COMPUTER COMPANY Income statement For the year ended December 31, 2045 15 (on credit Cost of goods sold GOSS proti Scing and administrative expense Operating prodal Interest expense Net Income before taxes 100 300.000 100.000 200.000 40.000 0.00 Netcome The image collection penodis Us 365 days in a yea Sectone 12 Days 20 Days 31 Days Dar