Kay Wing, Inc., prepared the following balance sheet at December 31, 2016 Balance Sheet as of December 31, 2016 65,000 Cash Accounts receivable 37,000 nventory 70,000 20,000 Long-term investments 39,000 Land Plant and equipment (net) 109,000 $340,000 Total assets Accounts payable 33,000 4,000 Taxes payable Bonds payable 80,000 Capital stock 90,000 Retained earnings 133,000 $340,000 Total liabilities and stockholders equity