Balance Sheets (all amounts in dollars) For the Years Ending December 31, 2015, 2016, 2017 and 2018 2015 2016 2017 2018 Cash 500 400 800 700 Accounts receivable 3,700 3,100 4,100 5,100 Inventory 7,400 8,700 7,900 9,500 Current assets 11,600 12,200 12,800 15,300 Gross fixed assets 75,200 84,600 95,500 103,800 (Accumulated depreciation) (18,300) (21,300) (25,400) (26,700) Net fixed assets 56,900 63,300 70,100 77,100 Land 22,000 23,000 26,000 31,000 Total assets 90,500 98,500 108,900 123,400 Notes payable 1,800 1,200 1,700 2,700 Accounts payable 1,100 1,600 2,400 3,100 Wage & Tax accruals 1,200 2,000 900 2,800 Current liabilities 4,100 4,800 5,000 8,600 L. T. Debt 24,500 30,200 28,400 37,700 Common stock ($1.50 par value) 32,000 32,000 38,500 37,800 Paid-in-capital 17,400 16,400 19,500 18,300 Retained earnings 12,500 15,100 17,500 21,000 Total Liabilities and Equity 90,500 98,500 108,900 123,400 Income Statement data for selected years: 2015 2016 2017 2018 Sales $ 176,400 $ 187,300 $ 191,400 $ 208,700 Net income $ 6,200 $ 6,600 $ 6,700 $ 7,300 AASR sold the following long term assets during the periods covered by these financial statements: Long term asset sold on August 24, 2015. This asset was sold for $2,300. The asset was originally purchased for $7,900 and the asset had a book value of $2,700 when it was sold. Long term asset sold on April 8, 2017. This asset sale resulted in a gain on the sale of the asset of $500. The asset had an original cost of $6,200 and it had accumulated depreciation of $5,400 when it was sold. Long term asset sold on September 25, 2017. The asset was sold for $1,700. This asset had a book value of $1,500 and accumulated depreciation of $6,000 when it was sold. Long term asset sold on June 29, 2018. This asset was sold for $5,700. The asset was originally purchased for $10,300 and the asset had a book value of $6,000 when it was sold