Problem 9-4 (Part Level Submission) The following financial information is for Ivanhoe Company IVANHOE COMPANY Balance Sheets December 31 2016 Asset 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 2017 $70,000 68,000 40,000 89,000 230,000 168,000 28,000 131,000 131,000 262,000 185,000 $870,000 $709,000 51,000 104,000 22,000 $171,000 $102,000 52,000 39,000 249,000 170,000 199,000 199,000 145,000 147,000 $709,000 67,000 39,000 $870,000