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PLEASE INCLUDE CALCULATIONS! Thank you! Exercise 23-12 Condensed financial data of Skysong Company for 2017 and 2016 are presented below SKYSONG COMPANY COMPARATIVE BALANCE SHEET

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PLEASE INCLUDE CALCULATIONS! Thank you!

Exercise 23-12 Condensed financial data of Skysong Company for 2017 and 2016 are presented below SKYSONG COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 Cash Receivables Inventory Plant assets Accumulated depreciation Long-term investments (held-to-maturity) 2017 $1,820 1,780 1,590 1,870 2016 $1,140 1,290 1,860 1,710 (1,220) (1,150) 1,420 7.110$6,270 1,270 $7,110 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $1,170 210 1,390 1,930 2,410 $7,110 $880 240 1,580 1,680 1,890 $6,270

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