Question

COMPARATIVE BALANCE SHEET
December 31,	2019	218	2017
Assets
Current assets
Cash	$           3,343,212	$525,710	$658,079
Marketable Securities	120,000	75,000	15,000
Accounts receivable	1,883,580	455,000	525,000
Allowance for Bad Debt	(226,030)	(25,000)	(105,000)
Interest Receivable	77,378	23,676	21,574
Prepaid Advertising	4,658	-	-
Prepaid Insurance	312,003	139,836	148,945
Prepaid Rent	111,208	29,050	34,982
Office Supplies	16,120	3,520	5,400
Inventory	757,350	975,000	775,000
Total Current Assets	6,399,479	$2,201,792	$2,078,980
Non-Current Assets
Office Furniture	93,000	-	-
Accumulated Depreciation	(8,400)
Equipment	4,760,000	5,000,000	5,000,000
Accumulated Depreciation	(2,531,000)	(2,000,000)	(1,500,000)
Long-Term Notes Receivable	285,000	285,000	-
Land	1,140,000	1,450,000	1,450,000
Patent	82,000	-	-
Accumulated Amortization	(3,417)
Total Non-Current Assets	3,817,183	4,735,000	4,950,000
Total Assets	$        10,216,662	$   6,936,792	$        7,028,980

Will you show me a horizontal analysis of the assets portion of this comparative balance sheet?

Answer 1

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