Here are comparative statement data for Blossom Company and Sunland Company, two competitors. All balance sheet data are as of December 31, 2017, and December 31, 2016. Blossom Company Sunland Company 2017 2016 2017 2016 Net sales $1,850,000 $537,000 Cost of goods sold 1,061,000 279,000 Operating expenses 251,000 83,000 Interest expense 6,800 1,600 Income tax expense 65,100 29,000 Current assets Plant assets (net) Current liabilities Long-term liabilities 329,235 532,068 66,988 115,130 $315,534 505,000 76,573 90,900 84,169 141,125 35,701 29,916 $ 80,262 127,070 30,584 25,250 505,000 S05,000 121,200 121,200 Common stock, $10 par Retained earnings 174,185 148,061 38,477 30,298 Here are comparative statement data for Blossom Company and Sunland Company, two competitors. All balance sheet data are as of December 31, 2017, and December 31, 2016. Blossom Company Sunland Company 2017 2016 2017 2016 Net sales $1,850,000 $537,000 Cost of goods sold 1,061,000 279,000 Operating expenses 251,000 83,000 Interest expense 6,800 1,600 Income tax expense 65,100 29,000 Current assets Plant assets (net) Current liabilities Long-term liabilities 329,235 532,068 66,988 115,130 $315,534 505,000 76,573 90,900 84,169 141,125 35,701 29,916 $ 80,262 127,070 30,584 25,250 505,000 S05,000 121,200 121,200 Common stock, $10 par Retained earnings 174,185 148,061 38,477 30,298