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Exercise 14-11 Wiemers Corporation's comparative balance sheets are presented below. WIEMERS CORPORATION Balance Sheets December 31 2015 Cash Accounts receivable (net) Inventory Land Buildings Accumulated

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Exercise 14-11 Wiemers Corporation's comparative balance sheets are presented below. WIEMERS CORPORATION Balance Sheets December 31 2015 Cash Accounts receivable (net) Inventory Land Buildings Accumulated depreciation- building:s $ 3,960 21,130 10,260 19,920 70,410 2014 $ 3,330 23,230 6,830 25,710 70,410 (10,570 ) (15,020 ) $110,660 $ 12,360 75,520 22,780 $110,660 $118,940 Total Accounts payable Common stock Retained earnings $31,070 68,060 19,810 Total $118,940 Wiemers's 2015 income statement included net sales of $109,120, cost of goods sold of $60,840, and net income of $15,760

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