Print Item The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Assets Cash Accounts receivable (net) Inventories Prepaid expenses Equipment Accumulated depreciation-equipment Total assets Dec. 31, 20Y8 Dec. 31, 20Y7 $81,850 $99,990 125,780 134,800 179,680 167,080 7,320 5,060 366,010 299,350 (95,160) (73,410) $665,480 $632,870 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $139,750 $132,270 Mortgage note payable 0 189,860 Common stock, $1 par 21,000 13,000 Paid-in capital in excess of par-common stock 298,000 178,000 Retained earnings 206,730 119,740 Total liabilities and stockholders' equity $665,480 $632,870 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 2018 are as follows: a. Net income, $222,690. b. Depreciation reported on the income statement, $46,600. c. Equipment was purchased at a cost of $91,510 and fully depreciated equipment costing $24,850 was discarded, with no salvage rea