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BUAD 488: Fraud Awareness for Management Question 2. XYZ Company for the years 2015-2017 Page 3 The following are the comparative balance sheets and statements of income for CONSOLIDATED BALANCE SHEETS - XYZ Company 2017 2016 2015 Assets Current Assets Cash and cash equivalents Receivables Inventories Deferred income taxes S 1,542 5,602 1,524 S 371 3,329 900 S 851 4,115 1,112 Total current assets Land Buildings Machinery Accumulated depreciation ,519 22,547 10,982 6,233 S 6,380 15, 239 8,475 5,008 S 5,002 12,045 7,698 3,511 (235 Total assets $48.885 $35,797 $28,021 Liabilities and Stockholders Equity Current liabilities S 4,112 S 4,758 235 S 4,993 19,546 354 Accounts payable Taxes payable 5,603 786 S 6,389 16,987 845 Total current liabilities Long-term debt Deferred income taxes S 4,655 16,115 562 Stockholders Equity Common Stock Retained earnings 22,220 2,444 12,764 701 2,907 221 Total liabilities and stockholders' equity $48885 34.797 28.021