Bridgeport Corp. Comparative Balance Sheets December 31 Assets Cash Accounts receivable nventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation Total 2017 2016 $151,096$90,508 71,060 192,330 48,620 203,830 453.475 164,186 210,375 53,108 258,060 532,950 93,500)(97,240) $1,276,275$962,583 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total s 190,740 $125,851 39,270 273,020 327,250 197,192 $1,276,275 $962,583 30,855 205,700 411,400 437,580 Bridgeport Corp. Income Statement Data For the Year Ended December 31, 2017 Sales revenue $726,420 Less: Cost of goods sold Operating expenses, excluding depreciation23,2 Depreciation expense Income tax expense Interest expense Loss on disposal of plant assets $253,310 07 86,955 51,014 8,845 14,025 437,356 Net income $289,064