Exercise 90 The condensed financial statements of Marks Company for the years 2017-2018 are presented below: Marks Company Comparative Balance Sheets As of December 31, 2017 and 2018 2018 2017 Cash $372,000 $136,000 Accounts receivable (net) 375,000310,000 337,000 1,839,000 1,117,000 Inventories Plant and equipment Accumulated depreciation 377,000 (263,000) (193,000) $2,700,000 $1,707,000 $337,000 $162,000 40,000 0- Common stock ($10 par) 1,522,000 1,220,000 285,000 $2,700,000 $1,707,000 Accounts payable Dividends payable Bonds payable 400,000 Retained earning:s 441,000