Problem 12-11A The comparative balance sheets for Bonita Industries as of December 31 are presented below. Bonita Industries Comparative Balance Sheets December 31 2017 2016 Assets 80,580 53,325 Cash 68,730 Accounts receivable 59,250 179,468 168,270 Inventory 18,107 Prepaid expenses 24,885 Land 171,825 154,050 237,000 237,000 Buildings Accumulated depreciation-buildings (71,100) (47,400) 183,675 Equipment 266,625 (53,325) (41,475) Accumulated depreciation-equipment $801,060 $888,430 Tota Liabilities and Stockholders' Equity 53,005 42,660 Accounts payable 355,500 355,500 Bonds payable 237,000 189,600 Common stock, $1 par 242,925 213,300 Retained earnings $888,430 $801,060 Tota