Exercise 23-11 Condensed financial data of Tamarisk Company for 2017 and 2016 are presented below TAMARISK 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 $1,820 1,730 1,590 1,940 2016 $1,130 1,280 1,870 1,690 (1,220) (1,180) 1,300 $7,160 1,450 $6,240 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $1,200 190 1,430 1,930 2,410 $7,160 $920 230 1,530 1,710 1,850 6 24