Balance Sheet As of Dec. 31, 2021 Assets 2021 2020 Cash and Equivalents 162,899 155,700 Accounts Receivable 405,000 450,

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Balance Sheet
As of Dec. 31, 2021
Assets
2021
2020
Cash and Equivalents
162,899
155,700
Accounts Receivable
405,000
450,000
Inventory
836,000
715,200
Total Current Assets
??
??
Plant & Equipment
582,000
505,000
Accumulated Depreciation
165,000
140,000
Net Fixed Assets
417,000
365,000
Total Assets
??
??
Liabilities and Owner's Equity
Accounts Payable
275,200
245,000
Short-term Notes Payable
210,000
18,000
Other Current Liabilities
??
??
Total Current Liabilities
??
??
Long-term Debt
464,711
623,132
Total Liabilities
1,089,911
1,022,132
Common Stock
460,000
460,000
Retained Earnings
225,988
203,768
Total Shareholder's Equity
685,988
663,768
Total Liabilities and Owner'sEquity
1,775,899
1,685,900