p17.11A The comparative balance sheets for Rothlisberger Company as of December 31 are presented ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets 2017 2016 Cash 45,000 81,000 Accounts receivable 41,000 62,000 142,000 Inventory 151,450 Prepaid expenses 21,000 15,280 Land 105,000 130,000 Buildings 200,000 00.000 (40,000) Accumulated depreciation-buildings (60,000) 155,000 Equipment 221,000 Accumulated depreciation-equipment (35,000) (45,000) Total $709,730 $680,000 Liabilities and Stockholders' Equity 47,730 40,000 Accounts payable 260.000 300,000 Bonds payable 200,000 Common stock, $1 par 160,000 180,000 202,000 Retained earnings $709,730 $680,000 Total Additional information: 1. operating expenses include depreciation expense of $42,000 and charges from prepaid expenses of $5,720. 2. Land was sold for cash at book value. Cash dividends of $20,000 were paid. 4. Net income for 2017 was $42,000