Additional information 1 On December 31, 2016, Blue acquired 25 of Myers Co s common stock for $276,600 On that date, the carrying value of Myerss assets and liabilities, which approximated their fair values, was $1,106,400 Myers reported income of $122,000 for the year ended December 31, 2017 No dividend was paid on Myerss common stock during the year 2 During 2017, Blue loaned $273,800 to TLC Co , an unrelated company TLC made the first semiannual principal repayment of $21,600, plus interest at 10 , on December 31, 2017 3 On January 2, 2017, Blue sold equipment costing $59,400, with a carrying amount of $37,900, for $40,400 cash 4 On December 31, 2017, Blue entered into a capital lease for an office building The present value of the annual rental payments is $373,600, which equals the fair value of the building Blue made the first rental payment of $59,400 when due on January 2, 2018 5 Net income for 2017 was $351,100 6 Blue declared and paid the following cash dividends for 2017 and 2016 2017 2016 Declared December 15, 2017 December 15, 2016 Paid February 28, 2018 February 28, 2017 Amount $79,200 $100,900 The following are Blue Corp 's comparative balance sheet accounts at December 31, 2017 and 2016, with a column showing the increase (decrease) from 2016 to 2017 COMPARATIVE BALANCE SHEETS 2016 $705,900 1,156,600 1,731,800 2,988,100 (1,033,700) 2017 $107,500 $813,400 1,123,400 1,863,500 3,302,300 (1,162,900) 307,100 252,200 $6,499,000 Cash Accounts receivable Inventory Property, plant, and equipment (33,200) 131,700 314,200 (129 200) 30,500 252,200 $673,700 Investment in Myers Co Loan receivable 276,600 Total assets 5,825300$673 700 Accounts payable Income taxes payable Dividends payable Lease liabililty Common stock, $1 par Paid in capital in excess of par common stock Retained earnings $1,015,600 30,100 79,200 373,600 500,000 1,513,500 2,987,000 $6,499,000 $69,600 (19,700) (21,700) 373,600 $946,000 49,800 100,900 500,000 1,513,500 2,715,100 $5,825,300 271,900 Total liabilities and stockholders equity 673,700 Additional information

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Additional information: 1. On December 31, 2016, Blue acquired 25% of Myers Co.s common stock for $276,600. On that date, the carrying value of Myerss

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Additional information:

1.		On December 31, 2016, Blue acquired 25% of Myers Co.s common stock for $276,600. On that date, the carrying value of Myerss assets and liabilities, which approximated their fair values, was $1,106,400. Myers reported income of $122,000 for the year ended December 31, 2017. No dividend was paid on Myerss common stock during the year.
2.		During 2017, Blue loaned $273,800 to TLC Co., an unrelated company. TLC made the first semiannual principal repayment of $21,600, plus interest at 10%, on December 31, 2017.
3.		On January 2, 2017, Blue sold equipment costing $59,400, with a carrying amount of $37,900, for $40,400 cash.
4.		On December 31, 2017, Blue entered into a capital lease for an office building. The present value of the annual rental payments is $373,600, which equals the fair value of the building. Blue made the first rental payment of $59,400 when due on January 2, 2018.
5.		Net income for 2017 was $351,100.
6.		Blue declared and paid the following cash dividends for 2017 and 2016.

	2017	2016
Declared	December 15, 2017	December 15, 2016
Paid	February 28, 2018	February 28, 2017
Amount	$79,200	$100,900

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The following are Blue Corp.'s comparative balance sheet accounts at December 31, 2017 and 2016, with a column showing the increase (decrease) from 2016 to 2017. COMPARATIVE BALANCE SHEETS 2016 $705,900 1,156,600 1,731,800 2,988,100 (1,033,700) 2017 $107,500 $813,400 1,123,400 1,863,500 3,302,300 (1,162,900) 307,100 252,200 $6,499,000 Cash Accounts receivable Inventory Property, plant, and equipment (33,200) 131,700 314,200 (129.200) 30,500 252,200 $673,700 Investment in Myers Co Loan receivable 276,600 Total assets 5,825300$673 700 Accounts payable Income taxes payable Dividends payable Lease liabililty Common stock, $1 par Paid-in capital in excess of par-common stock Retained earnings $1,015,600 30,100 79,200 373,600 500,000 1,513,500 2,987,000 $6,499,000 $69,600 (19,700) (21,700) 373,600 $946,000 49,800 100,900 500,000 1,513,500 2,715,100 $5,825,300 271,900 Total liabilities and stockholders equity 673,700 Additional information