Case 2. Blackstone, Inc., was in the final phase of completing a land development project t started earlier in the year. Blackstone, Inc. had acquired 50 acres of raw land for $400,000 and then spent an additional $1,700,000 in land development costs to create a new subdivision with 100 res idential lots. With a total cost of S2,100,000 and 100 lots, each lot had a cost of $21,000; however, the lots were listed for sale at $48,000 per lot. Blackstone, Inc., was applying for a business loan and needed to provide current financial statements to the bank. Amy Clark, the company president, wanted to report the total current value of the lots, $4,800,000 (100 lots 48,000 per lot, rather than the total cost currently listed on the balance sheet, $2,100,000. Dan Sullivan, the company accountant, told Army the lots were inventory and should be reparted on the balance sheet at the $2,100,000 rather than the fair market value. Should the balance sheet for Blackstone, Inc., list the lots at the total cost of $2,100,000 or the total selling price of $4,800,000? Could Blackstone, Inc., provide one balance sheet using historical cost and another balance sheet using market value?

What was the total amount of assets Columbia Sportswear reported as of December 31, 2016? (Keep in mind that the numbers are in thousands.) Did the total assets increase or decrease from December 31, 2015?