Following are selected balance sheet accounts of Del Conte Corp. at December 31, 2018 and 2017, and the increases or decreases in each account from 2017 to 2018. Also presented is selected income statement information for the year ended December 31, 2018, and additional information. Increase (Decrease) Selected Balance Sheet Accounts 2018 2017 Assets Accounts receivable Property, plant, and equipment Accumulated depreciation Liabilities and Stockholders' Equity Bonds payable Dividends payable Common stock, $1 par Additional paid-in capital Retained earnings $ 13,000 33,000 14,000 $ 40,000 27,000 283,000 (184,000) (170,000) 250,000 58,000 9,500 28,000 10,500 110,000 52,000 6,200 22,000 4,200 94,000 6,000 3,300 6,000 6,300 16,000 Selected Income Statement Information for the Year Ended December 31, 2018 Sales revenue Depreciation Gain on sale of equipment Net income 161,000 39,000 14,500 34,000 Additional information: a. Accounts receivable relate to sales of merchandise b. During 2018, equipment costing $46,000 was sold for cash. c. During 2018, bonds payable with a face value of $26,000 were issued in exchange for property, plant, and equipment. There was no amortization of bond discount or premium