Matthias Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow Matthias Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash Accounts receivable, net Inventory Other current assets $417,400 776,400 681,000 247,000 2,121,800 8,440,100 $11,224,270 $10,561,900 $382,600 1,065,370 717,000 381,300 2,546,270 8,678,000 Total current assets Property, plant, & equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities Long-term debt Total liabilities Preferred stock, $5 par value Common stock, $0.25 par value Retained earnings $3,162,800 $2,846,000 3,892,600 6,738,600 58,900 103,800 3,660,600 3,702,600 6,865,400 58,900 104,600 4,195,370