Larkspur tnc. had the following balance sheet at December 31, 2016. LARKSPUR INC. BALANCE SHEET DECEMBER 31, 2016 Cash Accounts receivable Investments Plant assets (net) Land $8,500 Accounts payable 11,800 Bonds payable 13,600 Common stock 35,800 Retained earnings 18,300 15,000 9,400 35,000 28,600 $88,000 $88,000 During 2017, the following occurred. 1. Net income was $28,000 2. Depreciation expense was $7,800. 3. Larkspur liquidated its investment portfolio (comprised of available-for-sale investments),realizing a $4,700 loss 4. Larkspur issued $22,300 of common stock at par 5. Dividends of $8,700 were declared and paid to stockholders 6. Accounts receivable and accounts payable at December 31, 2017 were $15,100 and $12,800, respectively 7. Larkspur obtained $7,400in plant assets in exchange for issuing bonds 8. Larkspur purchased additional plant assets for $17,100. 9. Larkspur purchased land for $19,500. 10. Cash at December 31, 2017 was $29,400