Instructions The comparative balance sheet of Pelican Joe Industries Inc. for December 31, 2016 and 2015, is as follows: Dec. 31, 2016 Dec 2015 Assets $163.00 $485.00 19800 285.00 4 Accounts receivable (net) 112.00 170.00 5 Inventories 454.00 395.00 Land 220.00 180.00 Equipment 8 Accumulated depreciation-equipment $1.075.00 $1.497.00 Total assets Liabilities and Stockholders Equity $17400 $155.00 11 Accounts payable (merchandise creditors) 28.00 12 Dividends payable 105.00 48.00 13 Common stock, $10 par 12300 245.00 14 Paid-in capital Excess of issue price over par-common stock