Exercise 23-12 Condensed financial data of Cheyenne Company for 2017 and 2016 are presented below. CHEYENNE 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 $1,760 1,780 1,610 1,880 2016 $1,180 1,280 1,920 1,660 (1,220) (1,190) 1,310 $7,120 1,400 $6,250 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $1,170 190 1,390 1,910 2,460 $7,120 $880 240 1,540 1,730 1,860 $6,250