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The following information relates to Bob's Bat Store for the year ended December 31, 2023.a....

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Accounting

The following information relates to Bob's Bat Store for the year ended December 31, 2023.a. The company purchased a building and fixtures with cash during the year, but none were sold during 2023.a. The company purchased a building and fixtures with cash during the year, but none were sold during 2023.

b. Cash dividends were declared and paid during the year, but no stock dividends were declared or paid during 2023.

.c The company sold some common stock for cash during 2023, but did not purchase any treasury stock during the year.d. Land was purchased for cash during 2023.

d. Land was purchased for cash during 2023.
2023 2022
cash 200,000 170,000
accounts receivable 335,000 300,000
inventory 200,000 100,000
total current assets 735,000 570,000
land 100,000 -
bulding and fixtures 300,000 200,000
less accumulated depreciation (47,000) (24,000)
total assets 1,088,000 746,000
accounts payable 200,000 160,000
taxes payable 92,000 60,000
total current liabilities 292,000 220,000
common stock 100,000 70,000
capital in excess of par 500,000 316,000
retained earnings 196,000 140,000
total stockholders equity 796,000 526,000
total liabilities and stockholders equity 1,088,000 746,000

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