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 s 52,000 33,0o0 256,000 295,000 (196,000) (176,000) 19,000 39,000 20,000 ividends payable Common stock, $1 par Additional paid-in capital Retained earnings 76,000 12,500 40,000 13,500 122,000 64,000 8,600 28,000 6,600 100,000 12,000 3,900 12,000 6,900 22,000 s@1@ct@d Income statoment Information for tho @ar Ended December 31, 2018 Sales revenue Depreciation Gain on sale of equipment Net income 173,000 51,000 17,500 46,000 Additional information: a. Accounts receivable relate to sales of merchandise b. During 2018, equipment costing $58,000 was sold for cash. c. During 2018, bonds payable with a face value of $38,000 were issued in exchange for property, plant, and equipment. There was no amortization of bond discount or premium