Exercise 12-10 Sunland Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follovw Sunland Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash Accounts receivable, net Inventory Other current assets $347,000 $417,400 776,400 681,100 247,100 2,483,600 2,122,000 8,379,350 $11,515,910 $10,501,350 1,066,600 731,000 339,000 Total current assets Property, plant, & equipment, net 9,032,310 Total assets Liabilities and Stockholders' Equity Current liabilities Long-term debt $3,149,000 $2,846,100 3,892,700 6,738,800 53,500 103,800 3,605,250 3,762,550 $11,515,910 $10,501,350 3,702,700 6,851,700 53,500 112,000 4,498,710 4,664,210 Total liabilities Preferred stock, $5 par value Common stock, $0.25 par value Retained earnings Total stockholders' equity Total liabilities and stockholders equity