Balance Sheet December 31 2021 2020 Cash $ 30,900 $ 10,200 Accounts receivable (net) 43,300 20,300 Inventory 35,000 42,000 Long-term investments
The balance sheets for Kinder Company showed the following information. Additional information concerning transactions and events during 2021 are presented below.
Kinder Company
December 31
2021 2020
Cash $ 30,900 $ 10,200
Inventory 35,000 42,000
Long-term investments 0 15,000
Property, plant & equipment 236,500 150,000
$308,000 $212,500
Accounts payable $ 17,000 $ 26,500
Accrued liabilities 21,000 17,000
Long-term notes payable 70,000 50,000
Common stock 130,000 90,000
$308,000 $212,500
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