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Problem 20 pts) A comparative balance sheet for Rocker Company appears below: ROCKER COMPANY Comparative Balance Sheet Dec 31 2017 Dec, 31 201 Cash 34,000

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Problem 20 pts) A comparative balance sheet for Rocker Company appears below: ROCKER COMPANY Comparative Balance Sheet Dec 31 2017 Dec, 31 201 Cash 34,000 $11,000 Accounts receivable 18,000 13,000 Inventory 25,000 17,000 Prepaid expenses 9,000 6,000 17,000 Long-term investments 33,000 60,000 Equipment 15 000 Accumulated depreciation equipment Total assets Liabilities and Stockholders' Equity 17,000 7,000 Accounts payable 45,000 36,000 Bonds payable 40,000 23,000 Common stock 10000 000 Retained earnings Total liabilities and stockholders' equity

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