*LIST OF ACCOUNTS PROVIDED BELOW TO USE.

Question 8 Condensed financial data of Sweet Company for 2017 and 2016 are presented below SWEET COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 2017 Cash Receivables Inventory Plant assets Accumulated depreciation Long-term investments (held-to-maturity) 2016 $1,150 1,310 1,930 1,710 $1,820 1,780 1,600 1,930 (1,200) (1,160) 1,320 1,400 $7,20$6,340 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $1,190 190 1,430 1,900 2,540 $880 270 1,520 1,730 1,940 $7,250$6,340 SWEET COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 Sales revenue Cost of goods sold Gross margin Selling and administrative expenses Income from operations Other revenues and gains $6,860 4,620 2,240 920 1,320 Gain on sale of investments Income before tax Income tax expense Net income Cash dividends Income retained in business 80 1,400 540 860 260 $600