comparative balance sheets for ithaca inc. follow for year-end 20x4 and 20x3. its president is concerned about the decline in total assets and wants to know where most of the decline took place. 20x4 20x3 cash $160,000 $150,000 accounts receivable 225,000 200,000 inventory 200,000 275,000 property, plant, and equipment 650,000 650,000 less accumulated depreciation 312,500 287,500 total assets $922,500 $987,500 accounts payable $180,000 $179,500 long-term note payable 172,000 240,000 common stock 250,000 250,000 retained earnings 320,500 318,000 total liabilities and equity $922,500 $987,500