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Concept Check MKH Company Comparative Balance Sheets Use the following comparative balance sheets and additional information to answer questions (1) through (4) MKH Company Comparative Balance Sheets For the year ended December 31 Current assets. 324 700 217600 Cash 107,100 32,600) 132 600 165,200 Accounts receivable Inventory 177 5.100 137 2001 37 9000 25 500 14 400 11 100 Prepaid rent 657,900 Total current assets 123,500 Long-term assets Land 19200) 326400 345.600 Equipment net 321.300 356,300 (35,000) Total long-term assets S 69 3001 $1.305.600 $1.236.300 Total assets Current liabilities 145.800 131.200 14600 Accounts payable 4.800 13900 Salaries payable 32300 27 200 5.100 Interest payable Total current liabilities Long-term liabilities payable 321.400 469,800 (148,400) Bonds Stockholders' equity stock 535,800 434 900 100,900 Common 251 600 168 400 83 200 Retained earnings Total stockholders' equity LS1.305.600 $1.236.300 S 69.300

 

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