Exercise 23-11 Condensed financial data of Sheridan Company for 2017 and 2016 are presented below SHERIDAN 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 $1,770 1,780 1,570 1,870 2016 $1,170 1,300 1,880 1,710 (1,210) (1,190) 1,290 1,430 $7,070 $6,300 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $1,200 200 1,430 1,860 2,380 $7,070 $900 250 1,580 1,730 1,840 $6,300