Dec. 31,2016 Dec. 31,2015 Assets $678,670.00 546,500.00 983,300.00 239,830.00 0.00 680,730.00 244,84000(200,10000 3,376,910.00 $2,928,930.00 $643,740.00 567,590.00 1,010,270.00 0.00 520,160.00 879,990.00 3 Cash 4Accounts receivable (net) 5 Inventories Land 8 Equipment 9 Accumulated depreciation-equipment 10 Total assets Liabilities and Stockholders' Equity $748,100.00 71,400.00 5,880.00 32,000.00 192,000.00 2,070,550.001,879,550.00 3,376,910.00 $2,928,930.00 $771,010.00 63,500.00 7,850.00 56,000.00 408,000.00 2 Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) 14 Dividends payable 15 Common stock, $2 par 6 Paid-in capital: Excess of issue price over par-common stock 17 Retained earnings 18 Total liabilities and stockholders' equity