Exercise 23-12 Condensed financial data of Concord Company for 2017 and 2016 are presented below. CONCORD COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 2016 $1,760 $1,180 1,750 1,290 1,890 1,930 1,690 2017 Cash Receivables Inventory Plant assets Accumulated depreciation Long-term investments (held-to-maturity) 1,620 (1,280) (1,160) 1,290 1,440 $7,070 $6,330 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $1,180 $920 260 1,370 1,550 1,930 1,670 1,930 $7,070$6,330 200 2,390