Following are selected balance sheet accounts of Grouper Bros. Corp. at December 31, 2017 and 2016, and the increases or decreases in each account from 2016 to 2017. Also presented is selected income statement information for the year ended December 31, 2017, and additional information. Selected balance sheet accounts Increase (Decrease) Assets Accounts receivable Property, plant, and equipment Accumulated depreciation-plant assets 2017 $33,700 275,600 2016 $24,000 247,800 $9,700 27,800 (10,600) (178, 200) (167,600) 2017 2016 Increase Bonds payable Dividends payable Common stock, $1 par Additional paid-in capital Retained earnings $49,200 8,000 21,800 8,900 103,400 $46,400 S,000 18,900 3,000 91,000 $2,800 3,000 2,900 5,900 12,400 Selected income statement information for the year ended December 31, 2017: Sales revenue Depreciation Gain on sale of equipment Net income $154,000 37,800 14,300 30,700 Additional information: 1. During 2017, equipment costing $44,800 was sold for cash. 2. Accounts receivable relate to sales of merchandise 3. During 2017, $20,000 of bonds payable were issued in exchange for property, plant, and equipment. There was no amortization of bond discount or premium