Common base year analysis

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Restate the following balance sheet to do a COMMON BASE YEAR analysis:2005 2006 Base Year Assets

Cash 75,000 80,000_________

Inventory 90,000 75,000_________

Land 300,000 410,000_________

Total Assets465,000 565,000_________

Liabilities Accts Payable 16,000 24,000_________

Long Term Loan 130,000 140,000_________

Total Liabilities146,000 164,000_________

Owner’s EquityCommon Stock 200,000 200,000_________

Retained Earnings119,000 201,000_________

Total O. E. 319,000 401,000_________

Reference no: EM132068719

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