Problem 13-4 (Part Level Submission) The following financial information is for Wildhorse Company WILDHORSE COMPANY Balance Sheets December 31 2017 2016 Assets Cash Debt investments (short-term) Accounts receivable Inventory Prepaid expenses Land Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable Accounts payable Accrued liabilities Bonds payable, due 2020 Common stock, $10 par Retained earnings Total liabilities and stockholders' equity $ 71,000 67,000 40,000 92,000 239,000 168,000 22,000 130,000 130,000 263,000 185,000 $893,000 $704,000 53,000 107,000 30,000 $171,000 $104,000 55,000 41,000 251,000 172,000 200,000 200,000 163,000 132,000 $704,000 67,000 41,000 $893,000