FORTEN COMPANY Comparative Balance Sheets December 31, 2017 and 2016 2017 2016 Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment s 49,800 73,500 5e, 625 65,810 275,656 251,800 ,875 1,250 392,516 157,500 188,000 377,800 (6,625) (46,ee Total assets 513,391 439,800 Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities 53,141 114,675 10,0006-835 6,800 31120,675 Long-term notes payable Total liabilities Equity Common stock, $5 par value 65,e00 48,750 169,425 128,141 162,750 15e,250 37,589 Retaine d sertingin excess of par, common stock 185,888 513,391 439,800 120,125 Retained earnings Total liabilities and equity FORTEN COMPANY Income Statement For Year Ended December 31, 2017