Using the following data from the comparative balance sheet of Goody Company.    December 31, 2015  December 31, 2014 Accounts receivable  $520,000   $400,000  Inventory  $840,000   $600,000  Total assets  $3,000,000   $2,500,000  

Using the following data from the comparative balance sheet of Goody Company.

   
December 31, 2015
 
December 31, 2014
Accounts receivable
 
$520,000
   
$400,000
 
Inventory
 
$840,000
   
$600,000
 
Total assets
 
$3,000,000
   
$2,500,000

 

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