Instructions The comparative balance sheet of Canace Products Inc. for December 31, 20Y6 and 20Y5, is as follows: 1 2 3 Cash 4 Accounts receivable (net) 5 Inventories 6 Investments 7 Land Equipment 9 Accumulated depreciation Dec. 31, 2016 Dec. 31, 20Y5 Assets $643,400.00 $679,400.00 566,800.00 547,400.00 1,011,000.00 982.800.00 0.00 240,000.00 520,000.00 0.00 880,000.00 680,000.00 (244,400.00) (200,400.00) $3,376,800.00 $2,929,200.00 10 Total assets 11 Liabilities and Stockholders' Equity 12 Accounts payable (merchandise creditors) $771,800.00 $748,400.00 13 Accrued expenses payable (operating expenses) 63,400.00 70,800.00 14 Dividends payable 8,800.00 6.400.00 15 Common stock, $2 par 56,000.00 32,000.00 16 Paid-in capital in excess of par-common stock 408,000.00 192.000.00 17 Retained earnings 2,068,800.00 1,879,600.00 18 Total liabilities and stockholders' equity $3,376,800.00 $2,929,200.00