Using a comparative balance sheet (two years) find the differences in the accounts Balance Sheets December 31, 2013 and December 13, 2014 Assets 2013 2014 Difference in the accounts

Assets	2013	2014	Difference
Cash	40,000	334,000	294,000
Accounts Receivable	255,000	215,000	(40,000)
Inventory	430,000	350,000	(80,000)
Prepaid Expenses	2,000	1,200	(800)
Plant Property & Equipment	1,104,000	1,256,000	152,000
Accumulated Depr - Equipment	(280,000)	(366,000)	(86,000)
Total Assets	1,551,000	1,790,200	239,200
Liabilities & Stockholders Equity
Accounts Payable	74,000	118,000	44,000
Notes Payable (Current)	160,000	60,000	(100,000)
Accrued Liabilities	51,000	67,000	16,000
Mortgage Payable	560,000	720,000	160,000
Common Stock $10 par value	400,000	400,000	-
Retained Earnings	306,000	425,200	119,200
Total Liabilities & S/E	1,551,000	1,790,200	239,200
Additional information:
1. Net income $239,200
2. Depreciation expense $120,000
3. Sold equipment that cost $48,000 with accumulated depreciation of $34,000 at a loss of $8,000
4. Land and building purchased with a mortgage $200,000
5. Paid on the mortgage $40,000
6. Paid dividends $120,000
7. Repaid a note in the amount of $160,000
8. Issued a note payable $60,000