Balance sheet. Use the data from the following financial statements in the popup window, B. Complete the balance sheet. Hint: Find the accumulated depreciation for 2017 first. The accumulated depreciation for 2017 is $ 188000. (Round to the nearest dollar.) Complete the balance sheet for 2016: (Round to the nearest dollar.) Balance Sheet 12/31/2016 ASSETS LIABILITIES Current assets Current liabilities Cash $ 16,000 Notes payable $28,000 Accounts payable $48,000 Total current liabilities $14,000 $19,000 Accounts receivable Inventories $ Total current assets $190,000 Long-term debt $368,000 OWNERS' EQUITY Fixed assets Accumulated depreciation (-) $ $142,000 Retained earnings $82,000 Common stock Intangible assets $130,000 TOTAL LIABILITIES AND TOTAL ASSETS OWNERS' EQUITY $ Complete the balance sheet for 2017: (Round to the nearest dollar.) Balance Sheet 12/31/2017 ASSETS LIABILITIES Current assets Current liabilities Cash $12,000 Accounts receivable $26,000 Notes payable $19,000 Accounts payable $53,000 Total current liabilities $24,000 Inventories $ Total current assets $ $162,000 Long-term debt $448,000 OWNERS' EQUITY Fixed assets Accumulated depreciation (-) Intangible assets $ Retained earnings $82,000 Common stock $180,000 TOTAL LIABILITIES AND TOTAL ASSETS $ OWNERS' EQUITY $ Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $140,000 Fixed costs $43,000 Selling, general, and administrative expenses $28,000 Depreciation $46,000 Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $14,000 Accounts receivable $16,000 Notes payable $28,000 Accounts payable $48,000 Long-term debt $19,000 Inventories $190,000 Fixed assets $368,000 OWNERS' EQUITY Accumulated depreciation (-) Intangible assets $142,000 Retained earnings $82,000 Common stock $130,000 Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $12,000 Accounts receivable $26,000 Notes payable $19,000 Accounts payable $53,000 Long-term debt $448,000 OWNERS' EQUITY $24,000 $162,000 Inventories Fixed assets Retained earnings Accumulated depreciation (-) Intangible assets $82,000 Common stock $180,000