Slide 14-9 CLOVER CORPORATION Comparative Balance sheets December 31 Dollar Percent 2001 2000 Change‖ Change* Assets Current assets Cash and equⅳ alerts $12,000‖$23,500 Accounts receivable, net 60.000 40.000 Inventory 80,000‖100,000 Prepaid expenses 3,000 1,200 Total current assets $155,000$164,700 Property and equipment: Land 400400 Buildings and equipment, net 120.000 85,000 Total property and equipment 160,000$ 125,000 Total assets $315,000$289,700 Percent rounded to one decimal point.?The McGraw-Hill Companies, Inc., 1999 Slide 14-9 Irwin/McGraw-Hill CLOVER CORPORATION Comparative Balance Sheets December 31, 2001 2000 Dollar Change Percent Change* Assets Current assets: Cash and equivalents $ 12,000 $ 23,500 Accounts receivable, net 60,000 40,000 Inventory 80,000 100,000 Prepaid expenses 3,000 1,200 Total current assets $ 155,000 $ 164,700 Property and equipment: Land 40,000 40,000 Buildings and equipment, net 120,000 85,000 Total property and equipment $ 160,000 $ 125,000 Total assets $ 315,000 $ 289,700 * Percent rounded to one decimal point