Cullumber Medical manufactures hospital beds and other institutional furniture. The company’s comparative balance sheet and income statement for 2019 and 2020 follow. Assets Cullumber Medical Comparative Balance Sheet As of December 31 Current assets Cash Accounts receivable.net Inventory Other current assets Total current assets Property, plant, & equipment, net, Total assets 2020 $397,000 1,089,000 $417,450 776,400 681,050 247.100 2,600,400

Sep 8, 2023

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