Exercise 23-11 Condensed financial data of Coronado Company for 2017 and 2016 are presented below. CORONADO COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 Cash Receivables Inventory Plant assets Accumulated depreciation Long-term investments (held-to-maturity) 2017 $1,800 1,770 1,560 1,900 2016 $1,130 1,320 1,890 1,700 (1,220) (1,180) 1,300 $7,110 1,430 $6,290 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $1,220 190 1,410 1,870 2,420 $890 250 1,520 1,730 1,900 $7,110 $6,290 CORONADO COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017