Need some help with balance sheet

ACME Distribution, Inc. Income Statement For the Years Ended December 31, 2016 and 2015
					Years Ended December 31,
	2016		2015
Revenue:
Sales	$ 734,300		607,480
Less: Sales discounts	1,975		1,480
Sales returns and allowances	780		620
Net sales	731,545		605,380
Cost of goods sold	537,073		461,200
Gross profit	194,472		144,180
Operating expenses:
Depreciation expense--Office equipment	3,500		1,200
Depreciation expense--Warehouse equipment	10,344		2,500
Bad debt expense	2,708		640
Salaries expense	68,800		48,000
Insurance expense	28,000		18,060
Rent expense	28,600		24,000
Advertising expense	22,700		15,900
Utilities expense	19,680		13,000
Total operating expense	184,332		123,300
Income from operations	10,140		20,880
Other expense--Interest	0		0
Net income	$ 10,140		$ 20,880

ACME Distribution, Inc.
Statement of Stockholders' Equity
For the Years Ending December 31, 2016 and 2015
			Additional
	Common Stock		Paid-in	Retained
	Shares	Amount	Capital	Earnings	Total
Balance, January 1, 2015	100	$ 1,000	$ 500	$ 153,530	$ 155,030
Common stock issued	20	200	400		600
Add: Net income				20,880	20,880
Less: Dividends paid				12,000	12,000
Balance, December 31, 2015	120	1,200	900	162,410	164,510
Common stock issued	50	500	1,900		2,400
Add: Net income				10,920	10,920
Less: Dividends paid				25,360	25,360
Balance, December 31, 2016	170	$ 1,700	$ 2,800	$ 147,970	$ 152,470

ACME Distribution, Inc.
Balance Sheet
As of December 31, 2016 and 2015
	December 31,
	2016		2015
Assets
Current assets
Cash	$ 34,620		$ 34,620
Accounts receivable	42,400		25,060
Allowance for bad debts	(1,908)		(1,200)
Accounts receivable-net of allowance	40,492		23,860
Inventory	77,904		66,750
Supplies
Prepaid insurance	15,200		10,700
Prepaid rent	2,600		2,600
Total current assets	136,196		138,530
Property, plant and equipment
Office equipment	85,000		35,000
Warehouse equipment	30,000		30,000
			65,000
Less accumulated depreciation	-26,344		24,000
Net property, plant and equipment	88,656		41,000
Total assets	$ 224,852		$ 179,530
Liabilities
Current liabilities
Accounts payable			$ 14,550
Salaries payable			470
Interest payable			0
Dividends payable
Unearned revenue
Total current liabilities			15,020
Long-term liability
Bond payable			0
Total liabilities			15,020
Stockholders' Equity
Common stock, $10 par value, 100,000 shares authorized, 170 and 120 shares issued and outstanding			1,200
Additional paid-in capital			900
Retained earnings			162,410
Total equity			164,510
Total liabilities and equity			$ 179,530