Blossom Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Blossom Medical Comparative Balance Sheet As of December 31 Assets 2016 2015 Current assets Cash $385,000 $417,500 Accounts receivable, net 1,098,000 776,450 Inventory 724,000 681,100 Other current assets 392,000 247,100 Total current assets 2,599,000 2,122,150 Property, plant, & equipment, net 8,658,840 8,440,050 Total assets $11,257,840 $10,562,200 Liabilities and Stockholders' Equity Current liabilities $3,132,000 $2,846,000 Long-term debt 3,734,000 3,892,650 Total liabilities 6,866,000 6,738,650 Preferred stock, $5 par value Common stock, $0.25 par value 56,000 144,000 59,000 103,900 Retained earnings 4,191,840 3,660,650 Total stockholders' equity Total liabilities and stockholders' equity 4,391,840 3,823,550 $11,257,840 $10,562,200