Blossom Company Comparative Balance Sheets December 31 2016 2017 103,428 $33,462 133,848 115,596 254,007 287,469 121,680 395,460 304,200 (100,386) (48,672) Assets Cash Accounts receivable Inventony Land Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total 152,100 $908,037 $844,155 $59,319 65,403 304,200 264,654 292,032 209,898 $908,037 $844,155 228,150 328,536 Additional information: 1. Net income for 2017 was $141,453. 2. Depreciation expense was $51,714 3. Cash dividends of $59,319 were declared and paid. 4. Bonds payable amounting to $76,050 were redeemed for cash $76,050. 5. Common stock was issued for $63,882 cash. 6. No equipment was sold during 2017