Assets Cash Accounts receivable, nete Inventory Land. Building Accumulated depreciation-building. Equipment Accumulated depreciation equipment Total of Assetss 31/12/2017. 31/12/2016- 81000 79500 241500 270000 450000 121500 1192504 362250 4050004 675000 -168750 3521250. 398250 112500 2347500 265500 3091500-i 3537250 . Liabilities & Equity Accounts payable 303000 454500 Bonds payable Capital stock, $10 pare Retained earnings 6750 1875000 23850 1012500 28125004. 357750 4 Total of Liabilities & Equitya Additional Datare 1. Net income for the year amounted to $163,500 2. Cash dividends were paid amounting to 4% ofpar value 3. Land was sold for $180,000. 4. Sharp sold equipment, which cost $337,500 and had accumulated depreciation of $135,000, for