Problem 12-11A The comparative balance sheets for Metlock, Inc. as of December 31 are presented below. Metlock, Inc. Comparative Balance Sheets December 31 2017 2016 Cash Accounts receivable Inventory Prepaid expenses $ 97,648 64,620 83,288 217,482 203,912 30,156 208,220 186,680 287,200 287,200 71,800 21,942 Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Total (86,160) (57,440) 323,100 222,580 (64,620) (50,260) 3 $1,076,612 $970,736