Alex Company reported the following information for 2017 Alex Company Comparative Balance Sheets Change Increase/Decrease $23,000 Increase 40,000 Increase 44,000 Increase 2,000 Increase 15,000 Decrease 2016 $36,000 22,000 Assets Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment 2017 $59,000 62,000 44,000 6,000 55,000 200,000 4,000 70,000 200,000 (21,000) (14,000) 7,000 Increase 115,000 Increase (28,000)(10,000)18,000 Increase 183,000 68,000 $560,000 $376,000 Totals Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock ($1 par) Retained earnings $40,000 10,000 150,000 60,000 116,000 $560,000 $376,000 $43,000 100,000 230,000 187,000 $3,000 Increase 10,000 Decrease 50,000 Decrease 170,000 Increase 71,000 Increase Totals