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 Intangible assets Plant assets, net 35,350 43,100 205,000 205,000 ? 1,105,000 910,000 ? Total Assets 2,244,850 1,980,800 Liabilities 254,300 415,300 240,000 ? Acemed liabilities onverted by P to 410,000 Income tax payable Long-term notes payable Stockholders Equity Čommon Stock 115,000 135,400 845,400 910,500 ? htetelak RauiyW.PDF-Helper.com/pdf-to-jpg/ 295,500 275,300 Retained earnings 345,600 295,400 ? Treasury stock Total liabilities and stockholders' equity (26,250) 2,244,850 (285,800) 1,980,800

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can these two questions be worked out please

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
Intangible assets
Plant assets, net
35,350
43,100
205,000
205,000
?
1,105,000
910,000
?
Total Assets
2,244,850
1,980,800
Liabilities
254,300
415,300
240,000
?
Acemed liabilities onverted by P to
410,000
Income tax payable
Long-term notes payable
Stockholders Equity
Čommon Stock
115,000
135,400
845,400
910,500
?
htetelak RauiyW.PDF-Helper.com/pdf-to-jpg/
295,500
275,300
Retained earnings
345,600
295,400
?
Treasury stock
Total liabilities and stockholders' equity
(26,250)
2,244,850
(285,800)
1,980,800
Expand
Transcribed Image Text

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 Intangible assets Plant assets, net 35,350 43,100 205,000 205,000 ? 1,105,000 910,000 ? Total Assets 2,244,850 1,980,800 Liabilities 254,300 415,300 240,000 ? Acemed liabilities onverted by P to 410,000 Income tax payable Long-term notes payable Stockholders Equity Čommon Stock 115,000 135,400 845,400 910,500 ? htetelak RauiyW.PDF-Helper.com/pdf-to-jpg/ 295,500 275,300 Retained earnings 345,600 295,400 ? Treasury stock Total liabilities and stockholders' equity (26,250) 2,244,850 (285,800) 1,980,800

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