Problem 23-8 Comparative balance sheet accounts of Bridgeport Company are presented below. BRIDGEPORT COMPANY COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31 Debit Balances 2017 2016 Cash $70,700 $50,500 Accounts Receivable 153,500 129,300 nventory 75,200 61,200 85,200 Debt investments (available-for-sale) 54,500 Equipment 47,900 70,200 Buildings 144,200 144,200 24,900 39,700 Land Totals $608,000 $543,200 Credit Balances Allowance for Doubtful Accounts $7,900 $10,100 13,900 Accumulated Depreciation-Equipment 21,100 Accumulated Depreciation-Buildings 36,600 28,000 Accounts Payable 59,400 66,600 Income Taxes Payable 12,100 10,000 Long-Term Notes Payable 62,000 70,000 Common Stock 310,000 260,000 94,000 Retained Earnings 89,500 Totals $608,000 $543,200