Balance Sheets Walker Corporation Comparative Balance Sheets December 31, 2017 and 2016 Assets 2017 2016 Current assets: Cash Accounts receivable Inventory Prepaid insurance Total current assets $ 52,000 $ 24,000 31,800 29,300 86,500 94,600 3,100 2,400 $ 173,400 $ 150,300 Property, plant, and equipment Less: Accumulated depreciation Investments Total assets 153,000 137,000 (30,800) (27,400) 113,000 0 $ 408,600 $ 259,900 Liabilities Current liabilities: Accounts payable $ 33,500 $ 36,400 Wages payable 2,700 7,600 Interest payable 2,300 0 Income taxes payable 5,300 0 Other accrued expenses payable 18,900 22,700 Total current liablities $ 62,700 $ 66,700 Long-term liabilities Total liabilities 70,000 115,000 $ 132,700 $ 181,700 Stockholders' equity Common stock $ 100,000 $ 73,000 175,900 5,200 Retained earnings $ 275,900 $ 78,200 Total stockholders' equity -