Comprehensive The following are Farrell Corporation's balance sheets as of December 31, 2016, and 2015, and the statement of income and retained carnings for the year ended December 31,2016: Balance Sheets December 31 Increase Decrease) 2016 2015 Assets Cash Accounts receivable, net Inventories Investment in Hall Inc. at equity and Plant and equipment Less: Accumulated depreciation Patent Total Assets $ 225,000 180,000 45,000 10,000 118,000 13,000 150,000 18,000 (107,000) (32,000) 295,000 549,000 73,000 350,000 624,000 (139,000) 305,000 431,000 60,000 200,000 606,000 20,000 $1,993,000 $1,695,000 $298,000 Liabilities and Shareholders' Equity Accounts payable and accrued expenses Note payable, long-term Bonds payable Deferred taxes payable Common stock, $10 par Additional paid-in capital Retained earnings Treasury stock, at cost Total Liabilities and Shareholders Equity 604,000 563,000 41,000 150,000 (50,000) 11,000 10,000 21,000 98,000 17,000 $1.993,000 $1,695,000 $298,000 150,000 160,000 41,000 410,000 196,000 432,000 210,000 30,000 400,000 175,000 334,000