Presented below is a condensed version of the comparative balance sheets for Sarasota Corporation for the last two years at December 31. 2017 2016 Cash $176,500 $44,500 Accounts receivable 116,700 74,800 Investments 72,100 98,500 Equipment 352,100 175,300 Accumulated depreciation-equipment (94,300) (66,500) Current liabilities 137,300 93,300 Common stock 138,100 63,500 Retained earnings 350,300 172,500 Additional information: Investments were sold at a gain of $6,500; no investments were purchased; no equipment was sold; cash dividends paid were $41,900; and net income was $219,700.