Hoover Company Balance Sheet 2017 2016 Assets Current Assets: Cash Marketable Securities Accounts Receivable, net Inventory Prepaid Expenses $1,000,000S1,100,000 $348,000 S2,500,000$1,600,000 $4,000,000S3,500,000 $150,000 $8,400,000$6,698,000 $10,904,000 $9,650,000 $19,304,000 $16,348,000 $650,000 $250,000 Total Current Assets Plant & Equipment, Net Total Assets Liabilities & Stockholders' Equity Liabilities: Current Liabilities Note Payable, 10% $4,000,000$2,784,000 S5,000,000$3,600,000 $9,000,000$6,384,000 Total Liabilities Stockholders' Equity Common Stock, $80 par value Retained Earnings $8,000,000$8,000,000 S2,304,000$1,964,000 $10,304,000 $9,964,000 $19,304,000 $16,348,000 Total Stockholders' Equity Total Liabilities & Stockholders' Equity