Comparative Balance Sheets December 31 2017 2016 $68,748 $45,495 50,550 58,638 153,116143,562 15,448 21.231 146,595 131,430 202.200 202,200 Accumulated depreciation-buildings60.660) (40,440) 227,475156,705 Accumulated depreciation-equipment (45.495 (35,385) $757.977 $683,436 Cash Inventory Prepaid expenses Buildings Equipment Total Accounts payable Bonds payable Common stock, $1 par Retained earnings Total 45.222 $ 36,396 303.300 303,300 202.200 161.760 207.255 181.980 $757.977 $683.436 3. Cash dividends of $12,132 were paid. 4. Net income for 2017 was $37,407 5. 6. 40,440 shares of $1 par value common stock were issued in exchange for land with a fair value of $40,440. was purchased for $93,012 cash. In addition, equipment costing $22,242 with a book value of $10,110 was sold for $8,088 cash. Inc