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COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 2016 $1,120 1,300 1,940 1,670 2017 Cash Receivables Inventory Plant assets Accumulated depreciation Long-term investments
COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 2016 $1,120 1,300 1,940 1,670 2017 Cash Receivables Inventory Plant assets Accumulated depreciation Long-term investments (held-to-maturity) $1,780 1,750 1,590 1,940 (1,190) (1,140) 1,300 1,400 $7,170 $6,290 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $1,220 190 1,380 1,920 2,460 $7,170 $880 250 1,570 1,730 1,860 $6,290 TEAL COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 Sales revenue Cost of goods sold Gross margin Selling and administrative expenses Income from operations Other revenues and gains $7,040 4,800 2,240 910 1,330 Gain on sale of investments 80
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