Problem 12-7A Presented below are the financial statements of Oriole Company. Oriole Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total 2017 2016 $ 81,200 46,400 64,960 139,200 $ 46,400 32,480 46,400 180,960 (74,240)(55,680 ) $257,520 $250,560 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $ 44,080 16,240 39,440 41,760 116,000 $257,520 $ 34,800 18,560 76,560 32,480 88,160 $250,560