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

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

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