Problem 12-9A Condensed financial data of Sunland Company follow. Sunland Company Comparative Balance Sheets December 31 2016 2017 $ 99,384 59,532 107,994 138,375 126,506 34,932 169,740 350,550 (61,500) (63,960) Assets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation 46,740 31,980 134,070 298,275 Total $839,475 $633,143 Liabilities and Stockholders' Equity Accounts payable $ 125,460 20,295 $82,779 Accrued expenses payable Bonds payable Common stock Retained earnings Total 25,830 135,300 179,580 215,250 129,704 $839,475 $633,143 270,600 287,820 Sunland Company Income Statement Data For the Year Ended December 31, 2017 Sales revenue $477,806 Less: Cost of goods sold Operating expenses, excluding depreciation Depreciation expense Income tax expense Interest expense Loss on disposal of plant assets $166,616 15,264 57,195 33,554 5,818 9.225