MARIN COMPANY COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31 2017 $70,400 153,600 2016 Debit Balances Cash Accounts Receivable Inventory Debt investments (available-for-sale) Equipment Buildings Land $51,300 130,900 60,900 85,100 48,500 145,400 24,800 $608,500 $546,900 74,500 54,500 69,700 145,400 40,400 Totals Credit Balances Allowance for Doubtful Accounts Accumulated Depreciation-Equipment Accumulated Depreciation-Buildings Accounts Payable Income Taxes Payable Long-Term Notes Payable Common Stock Retained Earnings $7,900 14,100 28,100 60,200 10,000 70,000 260,000 96,600 $608,500 $546,900 $9,900 20,900 37,200 65,600 11,900 62,000 310,000 91,000 Totals Additional data 1. Equipment that cost $10,000 and was 60% depreciated was sold in 2017. 2. Cash dividends were declared and paid during the year. 3. Common stock was issued in exchange for land. 4. Investments that cost $34,700 were sold during the year. 5. There were no write-offs of uncollectible accounts during the year