Presented below are the financial statements of Bonita Industries. Bonita Industries Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total 2017 2016 $40,600 23,200 16,240 23,200 90,480 23,200 32,480 69,600 (37,120) 27,840) 128,760 $125,280 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total 22,040 $17,400 9,280 38,280 16,240 44,080 128,760 $125,280 8,120 19,720 20,880 58,000