Crane Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow Crane Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash Accounts receivable, net Inventory Other current assets $417,500 776,450 681,050 247,100 2,122,100 8,439,875 $11,333,485 $10,561,975 $396,000 1,005,000 734,000 352,000 2,487,000 8,846,485 Total current assets Property, plant, & equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities Long-term debt $3,142,000 2,846,100 3,892,650 6,738,750 59,000 103,800 3,660,425 3,823,225 $11,333,485 $10,561,975 3,793,000 6,935,000 50,000 155,000 4,193,48!5 4,398,485 Total liabilities Preferred stock, $5 par value Common stock, $0.25 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity