Condensed financial data of Blossom Company follow. Blossom Company Comparative Balance Sheets December 31 ssets 2017 2016 Cash 193,920 116,160 Accounts receivable 210,720 91,200 Inventory 270,000 246,840 Prepaid expenses 62,400 68,160 Long-term investments 331,200 261,600 Plant assets 684,000 582,000 120,000 (124,800 Accumulated depreciation $1,638,000 $1,235,400 Total Liabilities and Stockholders' Equity Accounts payable 244,800 161,520 Accrued expenses payable 50,400 39,600 Bonds payable 264,000 350,400 Common stock 528,000 420,000 Retained earnings 561,600 253,080 $1,638,000 $1,235,400 Total