ley PLUS Kimmel, Accounting, 6e Assignment Grade book ORION Read, Study & Practice ment Open Assignment NMENT Problem 12-7A URCES Presented below are the financial statements of Windsor Company. Windsor Company Comparative Balance Sheets December 31 ssets 2017 2016 71,400 40,800 Accounts receivable 40,800 28,560 Inventory 57,120 40,800 Property, plant, and equipment 122,400 159,120 Accumulated depreciation (65,280) (48,960 $226,440 $220,320 Liabilities and Stockholders Equity Accounts payable 38,760 30,600 Income taxes payable 14,280 16,320 Bonds payable 34,680 67,320 Common stock 36,720 28,560 Retained earnings 102,000 $226,440 $220,320 Windsor Company Income Statement For the Year Ended December 31, 2017 Sales revenue $493,680 Cost of goods sold 357,000 l 2000-2012uohn ASansk uns All Rights Reserved A Division of lohn Wilex ASans unca