1 2 3 4 A Fair Isle Travel Services, Inc. B C Comparative Balance Sheets December 31, 2017 and 2016 Assets 2017 2016 5 Current assets: 6 Cash 7 Accounts receivable 8 Inventory 9 Prepaid insurance $ 15,000 $ 14,000 78,000 86,000 58,000 21,000 8,000 11,000 10 Total current assets $ 159,000 $ 132,000 11 12 Land 13 Equipment 14 Less: Accumulated depreciation 15 Total assets 16 17 Liabilities $ 109,000 $ 116,000 84,000 (19,000) 53,000 (13,000) $ 333,000 $ 288,000