COMPARATIVE BALANCE SHEETS DECEMBER 31, 2016 and 2015 2016 ASSETS 30,775 40,375 125,350 8,500 100,000 (47.500) $257.500 Cash $ 61,725 38,550 120,300 7,550 131,125 (55,375) $303,875 Inventory Prepaid Expenses Equipment Total Assets $ 8,875 $ 51,000 7,500 50,000 107,500 15,000 15.000 $303,875 Short-term Notes Payable Long-term Notes Payable Common Stock, $5 par 5,000 100,000 Retained Earnings Total Liabilities&Equity $257.500 RUSSELL CORPORATION INCOME STATEMENT YEAR ENDED 12/31/16 $592,500