Balance Sheets December 31
2016
2017
Accounts receivable( net) 21,200 23,400
Inventory 10,000 7,000
Land 20,000 26,000
Buildings 70,000 70,000
Accumulated depreciation— buildings( 15,000)( 10,000)
Total $ 110,500 $ 120,100
Accounts payable |
$ 12,370 |
$ |
31,100 |
|
|
Common stock 75,000 69,000
Retained earnings 23,130 20,000