Exercise 23-12 Condensed financial data of Bonita Company for 2017 and 2016 are presented below. BONITA COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 2017 2016 Cash $1,780 $1,170 1,760 Receivables 1,280 Inventory 1,620 1,880 Plant assets 1,910 1,670 Accumulated depreciation (1,210) (1,160) Long-term investments (held-to-maturity) 1,330 1,440 $7,190 $6,280 Accounts payable $1,230 $920 250 Accrued liabilities 210 Bonds payable 1,370 1,560 Common stock 1,920 1,680 Retained earnings 2,460 1,870 $7,190 $6,280 BONITA COMPANY Statement of Cash Flows (Direct Method)