Alex Company reported the following information for 2022.
Alex Company
Comparative Balance Sheets December 31
Change
Assets
2022
2021
Increase/Decrease
Cash
$59,000
$36,000
$23,000
Increase
Accounts receivable
62,000
22,000
40,000
Increase
Inventory
44,000
-0-
44,000
Increase
Prepaid expenses
6,000
4,000
2,000
Increase
Land
55,000
70,000
15,000
Decrease
Buildings
200,000
200,000
-0-
No Change
Accumulated depreciation-buildings
21,000
(14,000)
7,000
Increase
Equipment
183,000
68,000
115,000
Increase
Accumulated depreciation-equipment
(28,000)
(10,000)
18,000
Increase
Totals
$560,000
$376,000
Liabilities and Stockholders' Equity
Accounts payable
$43,000
$40,000
$3,000
Increase