Exercise 23-18 Your answer is partially correct. Try again The accounts below appear in the ledger of Shamrock Company. Retained Earnings Dr Jan. 1, Aug. 15 Dec. 31 2017 Credit Balance Dividends (cash) Net Income for 2017 $41,900 26,900 $40,300 67,200 $15,000 Equipment Dr Bal Jan. 1, 2017 Debit Balance Aug. 3 Sept. 10 Nov. 15 Purchase of Equipment Cost of Equipment Constructed Equipment Sold $139,300 201,400 249,100 $62,100 47,700 $56,000 193,100 Accumulated Depreciation- Equipment Dr Bal 2017 Credit Balance Apr. 8 Nov. 15 Dec. 31 Major Repairs Accum. Depreciation on Equipment Sold Depreciation for 2017 $84,100 63,300 38,200 $16,600 54,800 $20,800 25,100