Problem 17-9A Condensed financial data of Cheng Inc. follow CHENG INC. Comparative Balance Sheets Assets Cash Accounts receivable 2017 $80,800$48,400 92,800 117,500 102,850 28,40026,000 143,000 114,000 270,000 242,500 (50,000) (52,000) 2016 33,000 ective Prepaid expenses Investments Equipment Accumulated depreciation-quipment $682,500 $514.750 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings 112,000 $67,300 17,000 110,00050,000 220.000 i 75,000 224,000105,450 $682,500 514750 16,500 Total CHENG INC For the Year E