CULLUMBER COMPANY COMPARATIVE BALANCE SHEET AS OF MAY 31 2017 2016 Current assets Cash Accounts recelvable Inventory Prepaid expenses $28,200 $19,800 74,700 58,500 218,100 250,800 9,000 6,900 330,000 336,000 Total current assets Plant assets Plant assets 598,100 498,300 Less: Accumulated depreciation-plant assets 149,000 124,700 449,100 373,600 $779,100 $709,600 Net plant assets Total assets Current liablities Accounts payable Salaries and wages payable Interest payable $123,900 $116,100 46,80072,200 27,100 25,300 197,800 213,600 Total current liabilities Long-term debt Bonds payable 70,000 100,000 267,800 313,600 Total iabilities Stockholders' equity Common stock, $10 par Retained earnings 370,000 280,000 41,300 116,000 511,300 396,000 $779,100 $709,600 Total stockholders' equity Total liabilities and stockholders' equity