DIATESSARON INC. Balance Sheet December 31 Assets 2017 2016 Cash $ $ 67,000 98,000 Accounts receivable 101,000 75,000 Inventory 205,000 155,500 Long-term investment 101,500 0 Property, plant, and 535,000 460,000 equipment Less: Accumulated (162,50 (140,00 depreciation 0) 0) $847,00 $648,50 0 0 Liabilities and Shareholders' Equity Accounts payable $ $ 57,500 47,000 Dividends payable 6,000 0 Income tax payable 14,000 15,000 Long-term notes payable 25,000 0 Common shares 630,000 525,000 Retained earnings 114,500 61,500 $847,00 $648,50 0 0 DIATESSARON INC. Income Statement