A simplified balance sheet for Planet Cafe Inc. contain the following amounts at the end of 2019 and 2020. Planet Cafe Inc.Balance SheetAs at October 3120202019AssetsCurrent AssetsCash$13,000$8,200Accounts Receivable$11,500$11,100Prepaid Rent$3,500$1,700Food & Beverage Inventory$33,200$11,300Total Current Assets$61,200$32,300Long-Term AssetsEquipment$178,000$169,000Accumulated Depreciation$-28,000$-15,100Total Long-Term Assets$150,000$153,900Total Assets$211,200$186,200LiabilitiesCurrent Liabilities$17,700$17,700Long-Term Liabilities$25,000$43,000Total Liabilities$42,700$60,700Shareholders’ EquityCommon Shares$78,000$57,000Retained Earnings$90,500$68,500Total Shareholders’ Equity$168,500$125,500Total Liabilities and