Presented below are the financial statements of Buffalo Industries. Buffalo Industries Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total 2017 2016 $125,650 $ 71,800 50,260 71,800 215,400 280,020 71,800 100,520 (114,880) (86,160) $398,490 387,720 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $68,210 53,850 28,720 61,030 118,470 50,260 179,500 136,420 398,490 $387,720 25,130 64,620