FILMORE COMPANY
Comparative Balance Sheets
31-Dec
Assets
2014
2013
Cash
$15,000
$33,000
Accounts receivable
23,000
14,000
Inventory
41,000
25,000
Property, plant, and equipment
$80,000
$78,000
Less: Accumulated depreciation
(27,000)
53,000
(24,000)
54,000
Total
$132,000
$126,000
Liabilities and Stockholders' Equity
Accounts payable
$23,000
$46,000
Income taxes payable
26,000
23,000
Bonds payable
15,000
10,000