Simple Things Industries Ltd. Comparative Balance Sheet December 31, 2014 and 2013 2014 2013 Increase/(Decrease) Assets Cash 238,000 215,200 ? Accounts Receivable 303,200 259,300 ? Inventories 358,300 348,200 ? Prepaid expenses 35,350 43,100 ? Intangible assets 205,000 205,000 ? Plant assets, net 1,105,000 910,000 ? Total Assets 2,244,850 1,980,800 Liabilities Accounts payable 254,300 240,000 ? Accrued liabilities 415,300 410,000 ? Income tax payable 115,000 135,400 ? Long-term notes payable 845,400 910,500 ? Stockholders' Equity Common Stock 295,500 275,300 ? Retained earnings 345,600 295,400 ? Treasury stock (26,250) (285,800) ? Total liabilities and stockholders' equity 2,244,850 1,980,800
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Simple Things Industries Ltd. |
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Comparative Balance Sheet |
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December 31, 2014 and 2013 |
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2014 |
2013 |
Increase/(Decrease) |
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Assets |
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Cash |
238,000 |
215,200 |
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303,200 |
259,300 |
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Inventories |
358,300 |
348,200 |
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Prepaid expenses |
35,350 |
43,100 |
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Intangible assets |
205,000 |
205,000 |
? |
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Plant assets, net |
1,105,000 |
910,000 |
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Total Assets |
2,244,850 |
1,980,800 |
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Liabilities |
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Accounts payable |
254,300 |
240,000 |
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Accrued liabilities |
415,300 |
410,000 |
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Income tax payable |
115,000 |
135,400 |
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Long-term notes payable |
845,400 |
910,500 |
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Common Stock |
295,500 |
275,300 |
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345,600 |
295,400 |
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(26,250) |
(285,800) |
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Total liabilities and stockholders' equity |
2,244,850 |
1,980,800 |
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