A comparative balance sheet for Rocker Company appears below: ROCKER COMPANY Comparative Balance Sheet Dec. 31, 2017 Dec. 31, 2016 Assets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Equipment Accumulated depreciation-equipment $34,000 18,000 25,000 6,000 0 60,000 (20,000) $123,000 $11,000 13,000 17,000 9,000 17,000 33,000 (15,000) $85,000 Total assets Liabilities and Stockholder's Equity Accounts payable Bonds payable Common stock Retained earnings $17,000 36,000 40,000 30,000 $123,000 $7,000 45,000 23,000 10,000 $85,000 Total liabilities and stockholders' equity Additional information: 1. Net income for the year ending December 31, 2017 was $35,000. 2. Cash dividends of $15,000 were declared and paid during the year 3. Long-term investments that had a cost of $17,000 were sold for $14,000. 4. Sales for 2017 were $120,000