i need help solving part B please!!

Exercise 23-17 (Part Level Submission) Waterway Inc., had the following condensed balance sheet at the end of operations for 2016. WATERWAY INC. BALANCE SHEET DECEMBER 31, 2016 $8,500 $15,200 Cash Current liabilities Current assets other than cash 29,300 Long-term notes payable 25,500 19,800 Bonds payable Equity investments 25,000 Plant assets (net) 67,500 Common stock 75,000 Land 39,900 Retained earnings 24,300 $165,000 $165,000 During 2017, the following occurred. 1. A tract of land was purchased for $8,900. 2. Bonds payable in the amount of $15,000 were redeemed at par. 3. An additional $9,900 in common stock was issued at par. 4. Dividends totaling $9,300 were paid to stockholders. 5. Net income was $30,000 after allowing depreciation of $13,700. 6. Land was purchased through the issuance of $22,700 in bonds. 7. Waterway Inc. sold part of its investment portfolio for $12,800. This transaction resulted in a gain of $2,000 for the company. No unrealized gains or losses were recorded on these investments in 2017 8. Both current assets (other than cash) and current liabilities remained at the same amount (a) Z Your answer is partially correct. Try again