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Part of the problem is cut out but it shows how many boxes should be apart of equities and appears the same as the assets

image text in transcribedimage text in transcribedPart of the problem is cut out but it shows how many boxes should be apart of equities and appears the same as the assets section

FLOUNDER INC. BALANCE SHEET DECEMBER 31, 2016 Cash $8,300 Current liabilities $15,100 Current assets other than cash 29,000 Long-term notes payable 26,200 Equity investments 20,600 Bonds payable 24,600 Plant assets (net) 68,900 Common stock 75,800 Land 40,700 Retained earnings 25,800 $167,500 $167,500 During 2017, the following occurred. (a) Flounder Inc. sold part of its investment portfolio for $12,800. This transaction resulted in a gain of $5,100 for the company. No unrealized gains or losses were recorded on these investments in 2017. (b) Dividends totaling $9,100 were paid to stockholders. (c) Atract of land was purchased for $12,100. (d) Net income was $35,600 after allowing depreciation of $13,700. (e) Bonds payable in the amount of $10,900 wereredeemed at par. (f) Land was purchasedthrough the issuance of $22,800 in bonds. (g) An additional $10,200 in common stock was issued at par. (h) Both current assets (other than cash) and current liabilities remained at the same amount. Prepare the condensed balance sheet for Flounder Inc. as it would appear at December 31, 2017. FLOUNDER INC. BALANCE SHEET December 31, 2017 Assets Equities $

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