Flint Corporation had the following comparative statements of financial position: Flint Corporation Statement of Financial Position Dec. 31, 2018 Dec. 31, 2017 Assets Current assets Cash $70,000 $75,000 116,000 Held for trading investments Accounts receivable Inventory Prepaid expenses Total current assets 148,000 242,000 87,000 143,500 217,000 54,000 663,000 Property, plant, and equipment (net) 197,000 200,000 Total assets $860,000 Liabilities Current liabilities Accounts payable Salaries payable $315,385 $308,000 Income tax payable 53,865 41,000 Total current liabilities Mortgage payable 57,578 75,795 Total Liabilities $514,795 $ Shareholders' Equity Common shares Retained earnings Total liabilities and shareholders' equity 275,000 53,851 $860,000 275,000 67,705 $857,500 Additional information: 2018 1.4:1 2017 1.5:1 Current ratio Working capital $218,500 $ Debt to total assets 61.8% %