Problem 12-9A Condensed financial data of Sweet Acacia Industries follow Sweet Acacia Industries Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation Total 2017 2016 $ 101,808 110,628 141,750 35,784 173,880 359,100 60,984 47,880 129,591 32,760 137,340 305,550 (63,000) (65,520) $859,950 $648,585 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total $ 128,520 20,790 138,600 277,200 294,840 $859,950 $84,798 26,460 183,960 220,500 132,867 $648,585 Sweet Acacia Industries Statement of Cash Flows