Problem 13-4A The following financial information is for Sheridan Company. SHERIDAN COMPANY Balance Sheets December 31 2017 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 2017 Common stock, $10 par Retained earning:s Total liabilities and stockholders' equity 2016 $ 71,00066,000 40,000 90,000 229,000 169,000 28,000 132,000132,000 259,000 184,000 $878,000 $709,000 55,000 103,000 29,000 $169,000 $102,000 53,000 41,000 251,000 170,000 200,000 200,000 152,000143,000 $878,000 $709,000 65,000 41,000