Check my work 3 The following financial statements and information are available for Vernon Industries, Inc.: Balance Sheets As of December 31 2017 2016 Part 1 of 2 AssetS Cash Accounts receivable Inventory Marketable securities (available for sale) Equipment Accumulated depreciation Land 105, 600 188, 50O 296, 800 687,400 (307,100) 82,400 1,216,300 s 162,700 123,100 87,300 174, 200 222,500 492, 800 (237,400) 118,200 980, 700 1.75 polnts Total agsetS eBook Print References Liabi1ities and equity Liabilities $ Accounts payable (inventory) Notes payable-Long-term Bonds payable 38, 800 229, 600o 205, 400 473, 800 $ 68, 600 252, 60O 102,700 423, 900 Total 11abilit1e3 Stockholders equity Common stock, no par Preferred stock, $50 par Paid-in capital in excess of par-Preferred ?tock Total paid-In capital Retained earnings Less: Treasury stock 242, 700 112, 90O 36,900 392, 500 388,900 (38,900) 742, 500 $1,216,300 202,900 92, 900 30,900 326, 700 299, 000 68,900) 556, 800 s 980, 700 Total astockholde' equity Total 1iabilities and stockholders' equity